On Holding AG (NYSE:ONON) Receives Consensus Rating of “Moderate Buy” from Brokerages

On Holding AG (NYSE:ONON) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $56.05.

ONON has been the topic of several recent research reports. Barclays increased their target price on ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Stifel Nicolaus upped their price target on shares of ON from $45.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. KeyCorp upped their price target on shares of ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. The Goldman Sachs Group upped their price target on shares of ON from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley upped their price target on shares of ON from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th.

Institutional Trading of ON

A number of institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC boosted its holdings in shares of ON by 1.3% during the second quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company’s stock worth $924,000 after purchasing an additional 300 shares during the period. Capital Advisors Inc. OK lifted its holdings in ON by 5.1% in the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock worth $310,000 after buying an additional 301 shares during the period. Artemis Investment Management LLP lifted its holdings in ON by 1.9% in the second quarter. Artemis Investment Management LLP now owns 16,410 shares of the company’s stock worth $637,000 after buying an additional 302 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in ON by 3.2% in the second quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock worth $404,000 after buying an additional 325 shares during the period. Finally, Asset Dedication LLC lifted its holdings in ON by 25.8% in the second quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock worth $62,000 after buying an additional 327 shares during the period. 33.11% of the stock is currently owned by hedge funds and other institutional investors.

ON Price Performance

NYSE:ONON opened at $59.55 on Wednesday. The company has a market cap of $37.50 billion, a P/E ratio of 138.49 and a beta of 2.30. The stock’s fifty day moving average price is $51.50 and its two-hundred day moving average price is $45.27. ON has a 1 year low of $25.78 and a 1 year high of $59.84.

About ON

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.