ON (NYSE:ONON - Get Free Report) had its price objective raised by investment analysts at Telsey Advisory Group from $47.00 to $53.00 in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm currently has an "outperform" rating on the stock. Telsey Advisory Group's target price points to a potential upside of 11.37% from the company's current price.
A number of other equities research analysts have also recently commented on ONON. Evercore ISI upgraded shares of ON to an "overweight" rating and increased their target price for the company from $43.00 to $47.00 in a research report on Monday, August 12th. KeyCorp increased their price objective on shares of ON from $47.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, September 26th. Piper Sandler boosted their target price on ON from $52.00 to $56.00 and gave the stock an "overweight" rating in a report on Thursday, October 3rd. TD Cowen increased their price target on ON from $50.00 to $58.00 and gave the company a "buy" rating in a report on Monday, September 30th. Finally, Hsbc Global Res upgraded ON to a "hold" rating in a research report on Thursday, September 5th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, ON presently has a consensus rating of "Moderate Buy" and an average target price of $50.37.
Get Our Latest Report on ON
ON Price Performance
NYSE ONON traded down $0.29 during trading hours on Wednesday, reaching $47.59. The company's stock had a trading volume of 3,518,038 shares, compared to its average volume of 4,938,537. The firm has a market capitalization of $29.97 billion, a price-to-earnings ratio of 89.79 and a beta of 2.25. The company's 50-day moving average is $48.69 and its two-hundred day moving average is $42.28. ON has a 1-year low of $24.15 and a 1-year high of $52.80.
ON (NYSE:ONON - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). ON had a return on equity of 13.02% and a net margin of 7.42%. The company had revenue of $627.66 million for the quarter, compared to analyst estimates of $634.43 million. Equities analysts forecast that ON will post 0.76 EPS for the current fiscal year.
Institutional Investors Weigh In On ON
A number of large investors have recently modified their holdings of ONON. Ameritas Advisory Services LLC raised its position in shares of ON by 1.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company's stock worth $924,000 after acquiring an additional 300 shares in the last quarter. Capital Advisors Inc. OK raised its holdings in ON by 5.1% during the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company's stock worth $310,000 after purchasing an additional 301 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of ON by 1.9% during the 2nd quarter. Artemis Investment Management LLP now owns 16,410 shares of the company's stock worth $637,000 after buying an additional 302 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of ON by 3.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company's stock valued at $404,000 after buying an additional 325 shares in the last quarter. Finally, Asset Dedication LLC grew its position in shares of ON by 25.8% in the 2nd quarter. Asset Dedication LLC now owns 1,592 shares of the company's stock valued at $62,000 after buying an additional 327 shares during the last quarter. 33.11% of the stock is owned by hedge funds and other institutional investors.
ON Company Profile
(
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On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.
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