ON (NYSE:ONON) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of ON (NYSE:ONON) in a research report released on Tuesday morning, MarketBeat reports. The firm issued an overweight rating and a $46.00 price target on the stock.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings raised ON from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Jefferies Financial Group reissued an “underperform” rating on shares of ON in a research report on Tuesday, October 20th. Bank of America decreased their price target on shares of ON from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, September 17th. William Blair lowered shares of ON from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 11th. Finally, Needham & Company LLC raised their price target on shares of ON from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.33.

ON Price Performance

ON stock opened at $33.12 on Tuesday. The company has a market capitalization of $21.14 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 0.69 and a beta of 2.05. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.25. ON has a 12 month low of $26.36 and a 12 month high of $51.08. The stock’s 50 day moving average is $32.04 and its 200-day moving average is $36.29.

ON (NYSE:ONON) last released its quarterly earnings results on Tuesday, November 10th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.18. ON had a return on equity of 23.62% and a net margin of 12.41%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Equities research analysts expect that ON will post 1.50 EPS for the current year.

Hedge Funds Weigh In On ON

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in shares of ON by 2.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,751,615 shares of the company’s stock valued at $97,462,000 after acquiring an additional 62,404 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of ON by 116.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 1,741,829 shares of the company’s stock worth $51,571,000 after purchasing an additional 938,285 shares in the last quarter. Bessemer Group Inc. increased its position in shares of ON by 5.7% in the first quarter. Bessemer Group Inc. now owns 1,194,774 shares of the company’s stock worth $40,647,000 after purchasing an additional 63,932 shares during the period. Voya Investment Management LLC increased its position in shares of ON by 220.6% in the third quarter. Voya Investment Management LLC now owns 1,002,302 shares of the company’s stock worth $29,678,000 after purchasing an additional 689,634 shares during the period. Finally, Eurizon Capital SGR S.p.A. increased its position in shares of ON by 159.9% in the third quarter. Eurizon Capital SGR S.p.A. now owns 931,031 shares of the company’s stock worth $27,568,000 after purchasing an additional 572,854 shares during the period. Institutional investors own 36.39% of the company’s stock.

ON News Summary

Investors following ONON have been watching these news items:

• Positive Sentiment: On Holding reported Q3 EPS of $0.65, above the $0.47 consensus estimate. Revenue was $1.11 billion, in line with expectations and up 17.2% year over year. On Holding Analysts Revise Their Forecasts After Q3 Results
• Positive Sentiment: Management raised its 2026 gross-margin outlook, citing premium pricing, running-product innovation and direct-to-consumer growth. It expects roughly 66% gross margin and 19.5%–20% adjusted EBITDA margin for the year, with Q4 growth expected to accelerate. Plans to expand LightSpray production capacity also support its longer-term growth strategy. ONON Q3 Earnings Call Highlights Margins and Growth Plans
• Negative Sentiment: The positive results have not prevented a sell-off. Investors may be concerned about inventory growth, promotional pressure and the risks tied to new product launches, which could weigh on margins or growth if demand disappoints. On Holding’s Sell-Off Overlooks a Key Part of Its Earnings Story

ON Company Profile

On Holding AG, which trades on the New York Stock Exchange under the symbol ONON, is a Swiss sportswear company that develops and sells performance footwear, apparel and accessories. Its products serve runners and other athletes, as well as consumers seeking athletic-inspired everyday wear. The company is known for its running shoes, which feature its CloudTec cushioning technology. On also offers apparel and equipment for activities including running, training and outdoor sports, selling through wholesale partners and its own retail and online channels.