Research Analysts Issue Forecasts for ON Q2 Earnings

On Holding AG (NYSE:ONON - Free Report) - Equities researchers at William Blair lowered their Q2 2025 EPS estimates for ON in a research note issued on Tuesday, March 4th. William Blair analyst D. Carden now forecasts that the company will post earnings of $0.16 per share for the quarter, down from their prior estimate of $0.17. The consensus estimate for ON's current full-year earnings is $0.66 per share.

A number of other research firms have also commented on ONON. UBS Group lifted their price objective on ON from $65.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Stifel Nicolaus raised their price target on shares of ON from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. KeyCorp reaffirmed an "overweight" rating and issued a $68.00 price objective on shares of ON in a research note on Wednesday, March 5th. The Goldman Sachs Group downgraded shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 target price for the company. in a research note on Wednesday, February 12th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $67.00 price target on shares of ON in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.90.

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ON Trading Up 2.0 %

NYSE:ONON traded up $0.90 during trading hours on Friday, hitting $45.13. 5,905,134 shares of the company were exchanged, compared to its average volume of 4,555,684. The company has a fifty day simple moving average of $54.68 and a 200 day simple moving average of $52.66. ON has a one year low of $27.37 and a one year high of $64.05. The stock has a market capitalization of $28.42 billion, a price-to-earnings ratio of 104.96, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35.

Institutional Investors Weigh In On ON

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Apollon Wealth Management LLC boosted its stake in ON by 74.0% during the 4th quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company's stock valued at $877,000 after purchasing an additional 6,808 shares during the last quarter. RB Capital Management LLC lifted its holdings in shares of ON by 214.8% in the third quarter. RB Capital Management LLC now owns 22,426 shares of the company's stock valued at $1,125,000 after purchasing an additional 15,303 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of ON by 34.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company's stock valued at $76,213,000 after buying an additional 349,789 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in ON during the fourth quarter worth $30,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in ON by 584.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company's stock worth $4,195,000 after buying an additional 71,436 shares in the last quarter. 36.39% of the stock is owned by institutional investors.

ON Company Profile

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.