Brokerages Set On Holding AG (NYSE:ONON) Price Target at $56.77

On Holding AG (NYSE:ONON) has been given an average rating of “Moderate Buy” by the twenty-four research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $56.77.

A number of equities analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of ON to a “hold” rating in a research report on Thursday, September 5th. Barclays increased their price objective on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Piper Sandler lifted their target price on ON from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. The Goldman Sachs Group increased their price target on ON from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, KeyCorp lifted their price objective on ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th.

ON Trading Up 1.1 %

NYSE ONON opened at $55.37 on Friday. ON has a 12 month low of $25.78 and a 12 month high of $60.12. The stock’s 50 day moving average is $54.50 and its 200 day moving average is $47.54. The stock has a market cap of $34.86 billion, a PE ratio of 128.77 and a beta of 2.30.

Hedge Funds Weigh In On ON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Advisors Inc. OK raised its stake in ON by 5.1% in the 3rd quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock valued at $310,000 after purchasing an additional 301 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of ON by 3.2% in the second quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock valued at $404,000 after buying an additional 325 shares during the last quarter. Asset Dedication LLC lifted its stake in shares of ON by 25.8% in the second quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock worth $62,000 after buying an additional 327 shares in the last quarter. Sage Capital Advisors llc lifted its stake in shares of ON by 0.3% in the third quarter. Sage Capital Advisors llc now owns 99,859 shares of the company’s stock worth $5,008,000 after buying an additional 328 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after acquiring an additional 400 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

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.