On Holding AG (NYSE:ONON) Receives $61.90 Consensus Target Price from Brokerages

On Holding AG (NYSE:ONONGet Free Report) has been assigned a consensus recommendation of “Buy” from the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $61.90.

Several research firms have recently commented on ONON. Raymond James upgraded ON from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $58.00 to $63.00 in a research note on Thursday, November 21st. Bank of America began coverage on ON in a research note on Tuesday, January 7th. They issued a “buy” rating and a $73.00 price objective for the company. Morgan Stanley upped their price objective on ON from $62.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Williams Trading upped their price objective on ON from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, TD Cowen upped their price objective on ON from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th.

Get Our Latest Research Report on ONON

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Private Trust Co. NA bought a new position in shares of ON in the 3rd quarter valued at about $26,000. MidAtlantic Capital Management Inc. bought a new position in shares of ON in the 3rd quarter valued at about $29,000. Strategic Financial Concepts LLC bought a new position in shares of ON in the 4th quarter valued at about $30,000. Park Square Financial Group LLC bought a new position in shares of ON in the 4th quarter valued at about $32,000. Finally, Legacy Bridge LLC bought a new position in shares of ON in the 4th quarter valued at about $43,000. Institutional investors own 36.39% of the company’s stock.

ON Trading Up 0.1 %

Shares of ONON opened at $46.41 on Friday. The firm has a market cap of $29.22 billion, a PE ratio of 107.93, a P/E/G ratio of 1.02 and a beta of 2.35. The firm has a fifty day simple moving average of $53.94 and a two-hundred day simple moving average of $52.66. ON has a 1-year low of $29.84 and a 1-year high of $64.05.

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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Analyst Recommendations for ON (NYSE:ONON)

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