Williams Trading Increases ON (NYSE:ONON) Price Target to $62.00

ON (NYSE:ONONGet Free Report) had its target price increased by Williams Trading from $60.00 to $62.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Williams Trading’s price target indicates a potential upside of 17.83% from the company’s previous close.

Several other research firms have also recently weighed in on ONON. Telsey Advisory Group reissued an “outperform” rating and issued a $67.00 target price on shares of ON in a research note on Tuesday. Robert W. Baird increased their price target on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. TD Cowen upped their target price on shares of ON from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Bank of America began coverage on shares of ON in a research note on Tuesday, January 7th. They issued a “buy” rating and a $73.00 target price for the company. Finally, Stifel Nicolaus upped their price objective on ON from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Five 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.36.

Read Our Latest Stock Report on ONON

ON Stock Performance

Shares of NYSE ONON opened at $52.62 on Tuesday. The stock has a market capitalization 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. ON has a 52 week low of $27.37 and a 52 week high of $64.05. The stock has a 50 day moving average price of $55.29 and a 200 day moving average price of $52.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ONON. Private Trust Co. NA bought a new stake in shares of ON during the 3rd quarter worth $26,000. MidAtlantic Capital Management Inc. acquired a new position in ON during the 3rd quarter worth approximately $29,000. Strategic Financial Concepts LLC bought a new position in ON in the 4th quarter valued at approximately $30,000. Park Square Financial Group LLC bought a new stake in shares of ON during the fourth quarter worth $32,000. Finally, Legacy Bridge LLC acquired a new position in shares of ON during the fourth quarter worth $43,000. Institutional investors own 36.39% of the company’s stock.

About ON

(Get Free Report)

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.

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