ON (NYSE:ONON) Now Covered by Exane BNP Paribas

Investment analysts at Exane BNP Paribas began coverage on shares of ON (NYSE:ONONGet Rating) in a research report issued on Wednesday, The Fly reports. The firm set an “outperform” rating on the stock.

ONON has been the topic of several other research reports. OTR Global initiated coverage on ON in a report on Tuesday, July 26th. They issued a “positive” rating on the stock. Stifel Nicolaus increased their price target on ON from $28.00 to $31.00 in a report on Tuesday, August 16th. Robert W. Baird increased their price objective on ON from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Morgan Stanley increased their price objective on ON from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 17th. Finally, BNP Paribas started coverage on ON in a research note on Wednesday. They issued an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.08.

ON Stock Performance

Shares of NYSE:ONON opened at $17.35 on Wednesday. The business’s 50 day simple moving average is $20.69 and its two-hundred day simple moving average is $21.44. The firm has a market cap of $10.80 billion and a P/E ratio of -42.32. ON has a 52-week low of $16.16 and a 52-week high of $55.87.

Hedge Funds Weigh In On ON

Several institutional investors and hedge funds have recently bought and sold shares of ONON. Whittier Trust Co. of Nevada Inc. bought a new position in ON during the second quarter valued at $28,000. Baystate Wealth Management LLC bought a new position in ON during the first quarter valued at $50,000. Monetary Management Group Inc. bought a new position in ON during the fourth quarter valued at $76,000. SeaCrest Wealth Management LLC bought a new position in ON during the second quarter valued at $106,000. Finally, Advisor Group Holdings Inc. grew its holdings in ON by 24.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,988 shares of the company’s stock valued at $114,000 after purchasing an additional 579 shares during the period. 17.02% of the stock is owned by institutional investors.

ON Company Profile

(Get Rating)

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

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Analyst Recommendations for ON (NYSE:ONON)

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