On Holding AG (NYSE:ONON) Receives $59.73 Average PT from Analysts

Shares of On Holding AG (NYSE:ONON) have earned an average recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $59.73.

A number of equities analysts have commented on ONON shares. BTIG Research raised shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Wednesday, November 13th. UBS Group reaffirmed a “buy” rating and set a $63.00 price target on shares of ON in a research report on Friday, December 27th. Citigroup began coverage on ON in a research report on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 price objective for the company. Truist Financial lifted their target price on ON from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered ON from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research note on Wednesday, February 12th.

Institutional Investors Weigh In On ON

A number of hedge funds have recently bought and sold shares of the stock. Capital Advisors Inc. OK increased its holdings in ON by 3.2% in the fourth quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company’s stock valued at $350,000 after buying an additional 200 shares during the last quarter. Keystone Investors PTE Ltd. lifted its holdings in ON by 0.8% during the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company’s stock worth $1,639,000 after buying an additional 228 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of ON by 2.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company’s stock worth $516,000 after acquiring an additional 259 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of ON by 2.4% in the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company’s stock valued at $743,000 after acquiring an additional 323 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in ON by 6.6% during the fourth quarter. Atria Investments Inc now owns 5,515 shares of the company’s stock worth $302,000 after purchasing an additional 341 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Stock Down 5.8 %

NYSE ONON opened at $48.23 on Monday. The business’s fifty day simple moving average is $56.37 and its 200-day simple moving average is $52.12. The firm has a market cap of $30.37 billion, a PE ratio of 112.16, a P/E/G ratio of 1.02 and a beta of 2.30. ON has a 52 week low of $27.37 and a 52 week high of $64.05.

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, 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.