On Holding AG (NYSE:ONON) Given Consensus Recommendation of “Moderate Buy” by Brokerages

On Holding AG (NYSE:ONON) has been given an average recommendation of “Moderate Buy” by the twenty-four ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $56.77.

ONON has been the topic of a number of recent analyst reports. TD Cowen increased their target price on ON from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group lifted their price objective on shares of ON from $50.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC assumed coverage on shares of ON in a research report on Friday, November 22nd. They issued a “buy” rating and a $64.00 price objective for the company. UBS Group reaffirmed a “buy” rating and set a $63.00 target price on shares of ON in a research report on Friday. Finally, KeyCorp boosted their price target on ON from $47.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, September 26th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of ON by 23.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,247 shares of the company’s stock worth $1,717,000 after purchasing an additional 8,491 shares in the last quarter. Principal Financial Group Inc. acquired a new position in ON during the 2nd quarter valued at about $2,009,000. Crossmark Global Holdings Inc. increased its position in ON by 3.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock valued at $404,000 after buying an additional 325 shares in the last quarter. Van ECK Associates Corp purchased a new stake in ON in the second quarter valued at about $257,000. Finally, Lisanti Capital Growth LLC boosted its holdings in ON by 121.1% in the second quarter. Lisanti Capital Growth LLC now owns 89,230 shares of the company’s stock worth $3,462,000 after acquiring an additional 48,880 shares in the last quarter. Institutional investors own 36.39% of the company’s stock.

ON Stock Performance

Shares of ONON stock opened at $55.63 on Friday. The stock has a 50 day moving average price of $53.94 and a 200 day moving average price of $47.21. ON has a 52-week low of $25.78 and a 52-week high of $60.12. The firm has a market capitalization of $35.03 billion, a P/E ratio of 129.38 and a beta of 2.30.

ON Company Profile

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.