Brokerages Set On Holding AG (NYSE:ONON) Target Price at $61.90

On Holding AG (NYSE:ONON) has received a consensus recommendation of “Buy” from the twenty-three brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $61.90.

ONON has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $64.00 price objective on shares of ON in a research note on Tuesday, March 4th. TD Cowen boosted 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. KeyCorp reiterated an “overweight” rating and set a $68.00 price objective on shares of ON in a research note on Wednesday, March 5th. Williams Trading boosted 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, UBS Group boosted their price objective on ON from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Capital Advisors Inc. OK lifted its holdings in ON by 3.2% in the fourth quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company’s stock valued at $350,000 after acquiring an additional 200 shares during the last quarter. Keystone Investors PTE Ltd. lifted its stake in ON by 0.8% during the fourth quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company’s stock worth $1,639,000 after purchasing an additional 228 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in ON by 2.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company’s stock worth $516,000 after purchasing an additional 259 shares in the last quarter. CreativeOne Wealth LLC lifted its stake in ON by 2.4% during the fourth quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company’s stock worth $743,000 after purchasing an additional 323 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in ON by 6.6% during the fourth quarter. Atria Investments Inc now owns 5,515 shares of the company’s stock worth $302,000 after purchasing an additional 341 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Stock Down 3.2 %

Shares of ON stock opened at $45.56 on Friday. ON has a twelve month low of $29.84 and a twelve month high of $64.05. The business has a 50-day moving average price of $53.26 and a 200 day moving average price of $52.57. The firm has a market cap of $28.68 billion, a PE ratio of 105.94, a P/E/G ratio of 1.02 and a beta of 2.35.

ON Company Profile

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.