ON (NYSE:ONON) Price Target Raised to $65.00 at Morgan Stanley

ON (NYSE:ONON) had its price target lifted by Morgan Stanley from $62.00 to $65.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

ONON has been the topic of a number of other reports. Citigroup began coverage on shares of ON in a report on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 target price on the stock. BTIG Research raised shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, November 13th. Barclays increased their price objective on shares of ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. UBS Group restated a “buy” rating and issued a $63.00 price target on shares of ON in a report on Friday, December 27th. Finally, Bank of America started coverage on shares of ON in a research note on Tuesday, January 7th. They set a “buy” rating and a $73.00 price objective on the stock. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.36.

ON Stock Up 3.5 %

Shares of ONON stock opened at $60.01 on Tuesday. ON has a fifty-two week low of $26.03 and a fifty-two week high of $60.60. The stock has a market cap of $37.78 billion, a P/E ratio of 139.56, a P/E/G ratio of 1.19 and a beta of 2.30. The business has a fifty day simple moving average of $56.11 and a 200-day simple moving average of $49.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ONON. Private Trust Co. NA bought a new position in ON during the 3rd quarter worth $26,000. Blue Trust Inc. boosted its holdings in shares of ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after acquiring an additional 403 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of ON during the third quarter worth about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of ON by 210.5% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after acquiring an additional 400 shares during the period. Finally, Quarry LP bought a new stake in ON in the 2nd quarter valued at about $32,000. 36.39% of the stock is owned by institutional investors and hedge funds.

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, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.