On Holding AG (NYSE:ONON) Receives $64.20 Average PT from Analysts

On Holding AG (NYSE:ONON) has received a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $64.20.

Several analysts have weighed in on ONON shares. Raymond James Financial lowered shares of ON from a “strong-buy” rating to an “outperform” rating and set a $66.00 target price for the company. in a research note on Tuesday, July 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ON in a report on Saturday, September 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $65.00 price objective on shares of ON in a research note on Thursday, August 7th. Jefferies Financial Group set a $40.00 target price on shares of ON and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Finally, UBS Group lifted their target price on ON from $75.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in ON by 106.6% in the second quarter. Public Employees Retirement System of Ohio now owns 68,583 shares of the company’s stock valued at $3,570,000 after buying an additional 35,391 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of ON by 36.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,245 shares of the company’s stock worth $494,000 after acquiring an additional 3,025 shares during the period. Citigroup Inc. lifted its position in ON by 73.1% in the 1st quarter. Citigroup Inc. now owns 213,127 shares of the company’s stock valued at $9,361,000 after purchasing an additional 89,982 shares during the last quarter. Red Spruce Capital LLC boosted its stake in ON by 64.8% during the 2nd quarter. Red Spruce Capital LLC now owns 35,566 shares of the company’s stock valued at $1,851,000 after purchasing an additional 13,980 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in ON by 151.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 18,878 shares of the company’s stock worth $829,000 after purchasing an additional 11,362 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors.

ON Price Performance

Shares of NYSE ONON opened at $42.55 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $26.79 billion, a price-to-earnings ratio of 94.56, a price-to-earnings-growth ratio of 5.44 and a beta of 2.19. ON has a twelve month low of $34.59 and a twelve month high of $64.05. The business has a 50 day simple moving average of $45.16 and a 200-day simple moving average of $48.84.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.