ON (NYSE:ONON) PT Raised to $43.00

ON (NYSE:ONONFree Report) had its target price increased by Evercore ISI from $40.00 to $43.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. William Blair started coverage on shares of ON in a research note on Tuesday, April 16th. They issued an outperform rating for the company. Needham & Company LLC raised their target price on shares of ON from $40.00 to $45.00 and gave the stock a buy rating in a research note on Wednesday. Barclays raised their price objective on shares of ON from $38.00 to $40.00 and gave the company an overweight rating in a research note on Wednesday. Telsey Advisory Group raised their price objective on shares of ON from $37.00 to $40.00 and gave the company an outperform rating in a research note on Wednesday. Finally, TheStreet cut shares of ON from a c rating to a d+ rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, ON has a consensus rating of Moderate Buy and a consensus price target of $39.87.

Check Out Our Latest Stock Report on ONON

ON Price Performance

Shares of NYSE:ONON opened at $38.12 on Wednesday. ON has a 1-year low of $23.41 and a 1-year high of $38.65. The stock has a market cap of $24.00 billion, a P/E ratio of 86.64, a P/E/G ratio of 1.29 and a beta of 2.17. The firm has a fifty day moving average price of $33.34 and a 200 day moving average price of $30.48.

ON (NYSE:ONONGet Free Report) last released its earnings results on Tuesday, March 12th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). ON had a return on equity of 11.13% and a net margin of 6.46%. The firm had revenue of $504.69 million during the quarter, compared to analyst estimates of $515.30 million. Sell-side analysts expect that ON will post 0.65 EPS for the current fiscal year.

Hedge Funds Weigh In On ON

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

About ON

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for ON (NYSE:ONON)

Receive News & Ratings for ON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON and related companies with MarketBeat.com's FREE daily email newsletter.