On Holding AG (NYSE:ONON – Get 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
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
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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