ON (NYSE:ONON) Price Target Raised to $64.00 at Barclays

ON (NYSE:ONON) had its price target upped by Barclays from $63.00 to $64.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley lifted their target price on ON from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. KeyCorp lifted their target price on ON from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lowered ON from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a report on Wednesday, February 12th. TD Cowen lifted their price target on ON from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Truist Financial lifted their price target on ON from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.36.

ON Price Performance

NYSE:ONON opened at $52.62 on Wednesday. ON has a fifty-two week low of $27.37 and a fifty-two week high of $64.05. The stock’s 50-day moving average is $55.29 and its two-hundred day moving average is $52.50. The stock has a market cap of $33.13 billion, a PE ratio of 122.37, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA bought a new position in ON in the 3rd quarter worth approximately $26,000. Park Square Financial Group LLC bought a new position in ON in the 4th quarter worth approximately $32,000. MidAtlantic Capital Management Inc. bought a new position in ON in the 3rd quarter worth approximately $29,000. Legacy Bridge LLC bought a new stake in shares of ON during the fourth quarter valued at approximately $43,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of ON during the fourth quarter valued at approximately $44,000. 36.39% of the stock is owned by institutional investors.

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.