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

On Holding AG (NYSE:ONON) has been assigned an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $64.20.

A number of analysts recently commented on ONON shares. Jefferies Financial Group set a $40.00 price objective on ON and gave the stock an “underperform” rating in a research report on Wednesday, August 13th. Truist Financial lifted their price objective on ON from $61.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Stifel Nicolaus lifted their price objective on ON from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. UBS Group raised their target price on ON from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, Morgan Stanley raised their target price on ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th.

Hedge Funds Weigh In On ON

Several institutional investors have recently modified their holdings of ONON. Montag A & Associates Inc. bought a new position in shares of ON during the 1st quarter valued at about $26,000. TCTC Holdings LLC lifted its holdings in shares of ON by 118.4% during the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 315 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in shares of ON during the 2nd quarter valued at about $29,000. Park Square Financial Group LLC bought a new position in shares of ON during the 4th quarter valued at about $32,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in shares of ON during the 1st quarter valued at about $32,000. Institutional investors own 36.39% of the company’s stock.

ON Price Performance

Shares of ONON stock opened at $44.39 on Friday. The stock has a 50-day moving average price of $48.70 and a 200 day moving average price of $49.37. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The firm has a market cap of $27.95 billion, a price-to-earnings ratio of 98.65, a PEG ratio of 5.84 and a beta of 2.23. ON has a 12 month low of $34.59 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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.