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

On Holding AG (NYSE:ONON) has earned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $37.13.

ONON has been the topic of a number of research analyst reports. Truist Financial boosted their price target on shares of ON from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $37.00 target price on shares of ON in a research report on Wednesday, April 24th. Barclays initiated coverage on ON in a research report on Monday, April 1st. They set an “overweight” rating and a $38.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $32.00 price objective on shares of ON in a report on Monday, April 22nd. Finally, Piper Sandler increased their target price on ON from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st.

Institutional Trading of ON

Several hedge funds have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its position in shares of ON by 20.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,145 shares of the company’s stock valued at $60,000 after purchasing an additional 367 shares during the last quarter. Janney Capital Management LLC increased its holdings in ON by 2.7% in the third quarter. Janney Capital Management LLC now owns 14,450 shares of the company’s stock valued at $402,000 after buying an additional 384 shares during the last quarter. Pittenger & Anderson Inc. raised its stake in ON by 34.8% in the third quarter. Pittenger & Anderson Inc. now owns 1,550 shares of the company’s stock valued at $43,000 after buying an additional 400 shares in the last quarter. Spire Wealth Management lifted its holdings in ON by 91.0% during the 3rd quarter. Spire Wealth Management now owns 972 shares of the company’s stock worth $27,000 after buying an additional 463 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of ON by 63.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,521 shares of the company’s stock valued at $42,000 after acquiring an additional 592 shares during the last quarter. Institutional investors and hedge funds own 33.11% of the company’s stock.

ON Stock Down 0.6 %

ONON stock opened at $32.61 on Tuesday. ON has a 52-week low of $23.41 and a 52-week high of $37.08. The business has a fifty day moving average of $33.21 and a two-hundred day moving average of $29.72. The stock has a market cap of $20.53 billion, a price-to-earnings ratio of 120.76, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16.

ON (NYSE:ONON) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.18). ON had a net margin of 4.04% and a return on equity of 6.85%. The company had revenue of $504.69 million during the quarter, compared to analysts’ expectations of $515.30 million. As a group, sell-side analysts anticipate that ON will post 0.65 EPS for the current year.

ON Company Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.