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

On Holding AG (NYSE:ONON) 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.

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

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.