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

On Holding AG (NYSE:ONON) has been given an average recommendation of “Moderate Buy” by the twenty-three analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $64.20.

Several brokerages recently commented on ONON. Raymond James Financial downgraded shares of ON from a “strong-buy” rating to an “outperform” rating and set a $66.00 price target on the stock. in a report on Tuesday, July 22nd. Morgan Stanley increased their price objective on shares of ON from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “sell (d+)” rating on shares of ON in a research note on Saturday, September 27th. Jefferies Financial Group set a $40.00 price target on ON and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $62.00 price target on shares of ON in a report on Tuesday, August 12th.

Institutional Trading of ON

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Montag A & Associates Inc. acquired a new stake in ON during the 1st quarter worth about $26,000. TCTC Holdings LLC lifted its holdings in shares of ON by 118.4% during the first quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock worth $26,000 after purchasing an additional 315 shares during the period. Washington Trust Advisors Inc. acquired a new stake in shares of ON during the second quarter worth about $29,000. MassMutual Private Wealth & Trust FSB acquired a new stake in ON during the 1st quarter valued at approximately $32,000. Finally, Smartleaf Asset Management LLC lifted its stake in ON by 3,392.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 943 shares of the company’s stock valued at $42,000 after acquiring an additional 916 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Stock Down 0.6%

Shares of ON stock opened at $42.11 on Tuesday. ON has a twelve month low of $34.59 and a twelve month high of $64.05. The company’s 50 day moving average is $45.33 and its 200 day moving average is $48.84. 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 company has a market cap of $26.52 billion, a price-to-earnings ratio of 93.58, a price-to-earnings-growth ratio of 5.44 and a beta of 2.19.

About ON

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.