Research Analysts’ Weekly Ratings Updates for ON (ONON)

Several brokerages have updated their recommendations and price targets on shares of ON (NYSE: ONON) in the last few weeks:

  • 6/18/2024 – ON had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $46.00 price target on the stock.
  • 6/17/2024 – ON had its price target raised by analysts at JPMorgan Chase & Co. from $40.00 to $47.00. They now have an “overweight” rating on the stock.
  • 6/11/2024 – ON is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $50.00 price target on the stock.
  • 6/7/2024 – ON had its price target raised by analysts at Telsey Advisory Group from $40.00 to $47.00. They now have an “outperform” rating on the stock.
  • 5/28/2024 – ON was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock, up previously from $34.00.
  • 5/16/2024 – ON had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $41.00 price target on the stock.
  • 5/15/2024 – ON had its price target raised by analysts at Barclays PLC from $38.00 to $40.00. They now have an “overweight” rating on the stock.
  • 5/15/2024 – ON had its price target raised by analysts at Morgan Stanley from $35.00 to $40.00. They now have an “overweight” rating on the stock.
  • 5/15/2024 – ON had its price target raised by analysts at Evercore ISI from $40.00 to $43.00. They now have an “outperform” rating on the stock.
  • 5/15/2024 – ON had its price target raised by analysts at Telsey Advisory Group from $37.00 to $40.00. They now have an “outperform” rating on the stock.
  • 5/15/2024 – ON had its price target raised by analysts at Truist Financial Co. from $30.00 to $34.00. They now have a “hold” rating on the stock.
  • 5/15/2024 – ON had its price target raised by analysts at UBS Group AG from $53.00 to $55.00. They now have a “buy” rating on the stock.
  • 5/15/2024 – ON had its price target raised by analysts at Needham & Company LLC from $40.00 to $45.00. They now have a “buy” rating on the stock.
  • 5/7/2024 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $37.00 price target on the stock.
  • 5/6/2024 – ON had its price target raised by analysts at Morgan Stanley from $32.00 to $35.00. They now have an “overweight” rating on the stock.
  • 5/2/2024 – ON had its price target raised by analysts at TD Cowen from $36.00 to $38.00. They now have a “buy” rating on the stock.
  • 4/24/2024 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $37.00 price target on the stock.
  • 4/22/2024 – ON had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $32.00 price target on the stock.

ON Trading Down 5.6 %

Shares of NYSE ONON traded down $2.35 during midday trading on Friday, hitting $39.38. 6,063,933 shares of the company’s stock were exchanged, compared to its average volume of 5,261,748. The business’s fifty day moving average price is $37.06 and its two-hundred day moving average price is $32.74. The company has a market cap of $24.80 billion, a price-to-earnings ratio of 89.50, a PEG ratio of 1.25 and a beta of 2.27. On Holding AG has a 12-month low of $23.41 and a 12-month high of $44.30.

ON (NYSE:ONONGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.20. The company had revenue of $581.41 million during the quarter, compared to the consensus estimate of $555.52 million. ON had a net margin of 6.46% and a return on equity of 11.13%. Equities analysts expect that On Holding AG will post 0.77 earnings per share for the current fiscal year.

Institutional Trading of ON

Several hedge funds and other institutional investors have recently bought and sold shares of ONON. Ogborne Capital Management LLC raised its holdings in ON by 31.0% in the 1st quarter. Ogborne Capital Management LLC now owns 658,365 shares of the company’s stock worth $23,293,000 after purchasing an additional 155,949 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in ON in the first quarter worth about $486,000. Price T Rowe Associates Inc. MD lifted its holdings in ON by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,787,871 shares of the company’s stock worth $98,636,000 after buying an additional 14,674 shares during the period. BOKF NA bought a new stake in ON during the 1st quarter valued at approximately $4,721,000. Finally, Boulder Hill Capital Management LP grew its holdings in shares of ON by 52.8% during the 1st quarter. Boulder Hill Capital Management LP now owns 112,800 shares of the company’s stock worth $3,991,000 after acquiring an additional 39,000 shares during the period. Institutional investors own 33.11% of the company’s stock.

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.

Further Reading

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