ON (NYSE:ONON) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of ON (NYSE:ONON) in a research note issued to investors on Tuesday morning, Marketbeat reports. The brokerage issued a hold rating and a $44.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. TD Cowen lifted their target price on ON from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. KeyCorp reaffirmed an “overweight” rating and set a $68.00 price objective on shares of ON in a research report on Wednesday, March 5th. HSBC upgraded shares of ON from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday, March 11th. Hsbc Global Res upgraded shares of ON from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Williams Trading upped their price target on shares of ON from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, ON presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.45.

ON Stock Down 2.8 %

Shares of ON stock opened at $42.69 on Tuesday. The stock has a market cap of $26.88 billion, a PE ratio of 99.28, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. ON has a 12 month low of $29.84 and a 12 month high of $64.05. The business has a fifty day simple moving average of $51.85 and a 200-day simple moving average of $52.68.

Institutional Trading of ON

Several hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its holdings in shares of ON by 27.2% during the third quarter. Bank of Montreal Can now owns 46,320 shares of the company’s stock worth $2,368,000 after buying an additional 9,895 shares during the last quarter. Townsquare Capital LLC bought a new position in ON during the third quarter worth $609,000. Rockefeller Capital Management L.P. raised its stake in ON by 5.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 58,339 shares of the company’s stock valued at $2,926,000 after purchasing an additional 2,755 shares during the last quarter. Verition Fund Management LLC boosted its holdings in ON by 94.0% in the 3rd quarter. Verition Fund Management LLC now owns 125,878 shares of the company’s stock valued at $6,313,000 after purchasing an additional 60,976 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in ON in the 3rd quarter worth $336,000. Institutional investors 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.