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

On Holding AG (NYSE:ONON) has been assigned a consensus recommendation of “Buy” from the twenty-three research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $61.90.

A number of equities analysts have recently commented on ONON shares. Citigroup began coverage on ON in a research report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price objective for the company. Barclays boosted their price target on shares of ON from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. UBS Group raised their price objective on shares of ON from $65.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Raymond James upgraded shares of ON from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $58.00 to $63.00 in a research note on Thursday, November 21st. Finally, TD Cowen increased their target price on ON from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 8th.

ON Trading Down 0.7 %

ON stock opened at $46.42 on Friday. The firm has a market capitalization of $29.23 billion, a P/E ratio of 107.94, a P/E/G ratio of 1.02 and a beta of 2.35. The stock’s fifty day simple moving average is $54.32 and its 200-day simple moving average is $52.62. ON has a twelve month low of $29.84 and a twelve month high of $64.05.

Institutional Trading of ON

A number of large investors have recently bought and sold shares of ONON. Wealthedge Investment Advisors LLC purchased a new stake in shares of ON in the fourth quarter valued at about $1,556,000. Park Square Financial Group LLC acquired a new position in ON in the 4th quarter valued at about $32,000. Azzad Asset Management Inc. ADV raised its stake in shares of ON by 0.4% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 146,393 shares of the company’s stock worth $8,018,000 after purchasing an additional 608 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of ON during the fourth quarter worth $44,000. Finally, B. Riley Wealth Advisors Inc. grew its position in ON by 9.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 8,105 shares of the company’s stock valued at $444,000 after buying an additional 726 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

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.