On Holding AG (NYSE:ONON – Get Free Report) saw some unusual options trading activity on Friday. Investors bought 21,170 call options on the company. This represents an increase of 39% compared to the typical daily volume of 15,254 call options.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on ONON. TD Cowen upped their price target on shares of ON from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Truist Financial upped their price target on shares of ON from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Hsbc Global Res upgraded shares of ON to a “hold” rating in a research note on Thursday, September 5th. Piper Sandler raised their price target on shares of ON from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $47.00 price target on shares of ON in a report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.74.
Read Our Latest Stock Analysis on ONON
Hedge Funds Weigh In On ON
ON Stock Performance
NYSE ONON opened at $50.65 on Friday. The company has a market capitalization of $31.89 billion, a P/E ratio of 95.57 and a beta of 2.24. The company has a fifty day moving average of $48.10 and a 200-day moving average of $41.35. ON has a 52-week low of $24.15 and a 52-week high of $52.80.
ON (NYSE:ONON – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $627.66 million during the quarter, compared to analysts’ expectations of $634.43 million. ON had a return on equity of 13.02% and a net margin of 7.42%. As a group, analysts forecast that ON will post 0.76 EPS for the current fiscal year.
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.
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