Analysts Set On Holding AG (NYSE:ONON) Price Target at $61.14

On Holding AG (NYSE:ONON) has received an average rating of “Moderate Buy” from the twenty-five research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, nineteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $61.3810.

ONON has been the topic of several recent analyst reports. UBS Group raised their price target on ON from $79.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ON in a research note on Wednesday, October 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $65.00 target price on shares of ON in a research report on Thursday, November 13th. Barclays decreased their price target on shares of ON from $69.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Finally, Bank of America lifted their price objective on shares of ON from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, November 13th.

Hedge Funds Weigh In On ON

Several institutional investors have recently modified their holdings of the company. TCTC Holdings LLC raised its holdings in shares of ON by 118.4% during the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock valued at $26,000 after buying an additional 315 shares in the last quarter. Montag A & Associates Inc. purchased a new position in shares of ON during the first quarter worth approximately $26,000. Washington Trust Advisors Inc. purchased a new position in shares of ON during the second quarter worth approximately $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of ON by 3,392.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 943 shares of the company’s stock worth $42,000 after acquiring an additional 916 shares during the last quarter. Finally, United Financial Planning Group LLC purchased a new stake in shares of ON in the 3rd quarter valued at $42,000. 36.39% of the stock is currently owned by institutional investors.

ON Trading Up 2.3%

Shares of ONON stock opened at $41.74 on Wednesday. The company has a market capitalization of $26.21 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 2.39 and a beta of 2.18. ON has a 52-week low of $34.38 and a 52-week high of $64.05. The business’s fifty day moving average is $41.40 and its 200 day moving average is $47.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.05 and a current ratio of 2.55.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.