ON (NYSE:ONON - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $67.00 target price on the stock. Telsey Advisory Group's target price points to a potential upside of 49.02% from the company's previous close.
Other analysts have also issued research reports about the stock. Citigroup started coverage on shares of ON in a report on Wednesday, December 18th. They issued a "neutral" rating and a $65.00 price target for the company. Barclays upped their price target on ON from $63.00 to $64.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. KeyCorp reiterated an "overweight" rating and issued a $68.00 price objective on shares of ON in a research report on Wednesday, March 5th. UBS Group upped their target price on shares of ON from $65.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, HSBC upgraded shares of ON from a "hold" rating to a "buy" rating and set a $58.00 price target for the company in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $60.45.
Check Out Our Latest Analysis on ON
ON Stock Up 5.3 %
NYSE:ONON traded up $2.26 during mid-day trading on Tuesday, reaching $44.96. 4,977,563 shares of the company were exchanged, compared to its average volume of 4,398,425. The stock has a market cap of $28.31 billion, a PE ratio of 104.56, a PEG ratio of 1.02 and a beta of 2.35. ON has a 12 month low of $29.84 and a 12 month high of $64.05. The company has a fifty day moving average of $51.23 and a 200 day moving average of $52.58.
Institutional Investors Weigh In On ON
Several institutional investors have recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in shares of ON in the fourth quarter worth $32,000. MassMutual Private Wealth & Trust FSB acquired a new stake in ON in the 1st quarter valued at $32,000. Legacy Bridge LLC bought a new stake in ON during the 4th quarter worth about $43,000. Bernard Wealth Management Corp. acquired a new position in shares of ON during the 4th quarter worth about $44,000. Finally, Arcadia Investment Management Corp MI bought a new position in shares of ON in the 4th quarter valued at about $53,000. Institutional investors own 36.39% of the company's stock.
About ON
(
Get Free Report)
On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.
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