On Holding AG (NYSE:ONON) Receives $60.45 Average PT from Brokerages

On Holding AG (NYSE:ONON) has been assigned an average rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given 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 $60.00.

ONON has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research note on Wednesday, February 12th. Stifel Nicolaus lowered their price objective on ON from $66.00 to $57.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen upped their price objective on ON from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $67.00 target price on shares of ON in a research report on Tuesday, April 1st. Finally, Williams Trading upped their price target on ON from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th.

ON Stock Up 1.1 %

Shares of ONON opened at $43.51 on Tuesday. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 101.19, a PEG ratio of 1.02 and a beta of 2.32. The business’s 50 day moving average is $47.73 and its two-hundred day moving average is $52.01. ON has a 52-week low of $29.84 and a 52-week high of $64.05.

Hedge Funds Weigh In On ON

A number of institutional investors and hedge funds have recently bought and sold shares of ONON. FMR LLC boosted its stake in ON by 1.6% during the 4th quarter. FMR LLC now owns 28,875,965 shares of the company’s stock valued at $1,581,537,000 after purchasing an additional 462,738 shares in the last quarter. Alliancebernstein L.P. grew its holdings in ON by 2.8% during the fourth quarter. Alliancebernstein L.P. now owns 17,378,277 shares of the company’s stock worth $951,808,000 after acquiring an additional 471,805 shares during the period. T. Rowe Price Investment Management Inc. raised its position in ON by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,361,491 shares of the company’s stock worth $184,109,000 after acquiring an additional 18,752 shares in the last quarter. Norges Bank acquired a new stake in ON in the 4th quarter valued at about $164,574,000. Finally, Jennison Associates LLC boosted its position in shares of ON by 27.4% during the 4th quarter. Jennison Associates LLC now owns 2,049,644 shares of the company’s stock valued at $112,259,000 after purchasing an additional 440,685 shares in the last quarter. Institutional investors own 36.39% of the company’s stock.

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.