On Holding AG (NYSE:ONON) Given Average Rating of “Moderate Buy” by Analysts

On Holding AG (NYSE:ONON) has received a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $59.73.

ONON has been the topic of several recent research reports. Citigroup started coverage on ON in a research report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price target on the stock. Robert W. Baird raised their target price on shares of ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. UBS Group reiterated a “buy” rating and set a $63.00 price target on shares of ON in a report on Friday, December 27th. Barclays raised their price target on shares of ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group cut shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research report on Wednesday, February 12th.

Institutional Trading of ON

A number of hedge funds and other institutional investors have recently modified their holdings of ONON. Capital Advisors Inc. OK lifted its position in ON by 3.2% during the 4th 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 period. Keystone Investors PTE Ltd. increased its stake in shares of ON by 0.8% during the fourth quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company’s stock valued at $1,639,000 after purchasing an additional 228 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of ON by 2.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company’s stock valued at $516,000 after purchasing an additional 259 shares during the last quarter. CreativeOne Wealth LLC boosted its position in shares of ON by 2.4% in the 4th 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 grew its stake in shares of ON by 6.6% in the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company’s stock worth $302,000 after buying an additional 341 shares during the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

ON Stock Down 5.8 %

NYSE ONON opened at $48.23 on Monday. The firm has a market cap of $30.37 billion, a price-to-earnings ratio of 112.16, a PEG ratio of 1.04 and a beta of 2.30. The company has a 50-day simple moving average of $56.37 and a two-hundred day simple moving average of $51.91. ON has a 12-month low of $27.37 and a 12-month high of $64.05.

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.