UBS Group Boosts ON (NYSE:ONON) Price Target to $55.00

ON (NYSE:ONONFree Report) had its target price boosted by UBS Group from $53.00 to $55.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

ONON has been the topic of several other research reports. Telsey Advisory Group lifted their price objective on ON from $37.00 to $40.00 and gave the stock an outperform rating in a report on Wednesday. TheStreet lowered shares of ON from a c rating to a d+ rating in a report on Monday, March 18th. Barclays raised their price objective on shares of ON from $38.00 to $40.00 and gave the stock an overweight rating in a report on Wednesday. Needham & Company LLC upped their target price on shares of ON from $40.00 to $45.00 and gave the company a buy rating in a research note on Wednesday. Finally, Redburn Atlantic restated a neutral rating and set a $34.00 price target on shares of ON in a research note on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $39.87.

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ON Trading Up 4.0 %

Shares of ON stock opened at $38.12 on Wednesday. The company 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 stock has a 50-day moving average price of $33.34 and a 200 day moving average price of $30.48. ON has a 1 year low of $23.41 and a 1 year high of $38.65.

ON (NYSE:ONONGet Free Report) last posted 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 return on equity of 11.13% and a net margin of 6.46%. The firm had revenue of $504.69 million for the quarter, compared to the consensus estimate of $515.30 million. On average, equities analysts forecast that ON will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ON

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. 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 valued at $27,000 after purchasing an additional 463 shares during the last quarter. Orion Capital Management LLC lifted its stake in shares of ON by 1,100.0% during the 4th quarter. Orion Capital Management LLC now owns 1,200 shares of the company’s stock worth $32,000 after buying an additional 1,100 shares during the last quarter. VisionPoint Advisory Group LLC bought a new position in ON in the 4th quarter valued at about $32,000. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of ON in the fourth quarter valued at about $33,000. Finally, Asset Dedication LLC bought a new stake in ON in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 33.11% of the company’s stock.

About ON

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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.

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Analyst Recommendations for ON (NYSE:ONON)

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