On Holding AG (NYSE:ONON) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of On Holding AG (NYSE:ONON) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $39.87.

Several analysts have issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and set a $41.00 target price on shares of ON in a research note on Thursday, May 16th. William Blair assumed coverage on shares of ON in a research note on Tuesday, April 16th. They issued an “outperform” rating on the stock. Barclays upped their target price on ON from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. TD Cowen raised their price target on shares of ON from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Redburn Atlantic reissued a “neutral” rating and set a $34.00 price objective on shares of ON in a report on Thursday, March 7th.

ON Stock Performance

NYSE:ONON opened at $37.60 on Friday. The stock has a market cap of $23.67 billion, a price-to-earnings ratio of 85.46, a PEG ratio of 1.35 and a beta of 2.17. ON has a 1 year low of $23.41 and a 1 year high of $38.65. The business has a fifty day moving average of $33.65 and a 200-day moving average of $30.73.

ON (NYSE:ONON) last released its earnings results on Tuesday, March 12th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The business had revenue of $504.69 million during the quarter, compared to the consensus estimate of $515.30 million. ON had a return on equity of 11.13% and a net margin of 6.46%. On average, equities research analysts predict that ON will post 0.65 EPS for the current year.

Institutional Trading of ON

Institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. lifted its position in ON by 20.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,145 shares of the company’s stock worth $60,000 after buying an additional 367 shares in the last quarter. Janney Capital Management LLC increased its position in shares of ON by 2.7% in the 3rd quarter. Janney Capital Management LLC now owns 14,450 shares of the company’s stock valued at $402,000 after buying an additional 384 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in ON by 34.8% during the third quarter. Pittenger & Anderson Inc. now owns 1,550 shares of the company’s stock worth $43,000 after acquiring an additional 400 shares in the last quarter. Spire Wealth Management grew its position in shares of ON by 91.0% in the 3rd quarter. Spire Wealth Management now owns 972 shares of the company’s stock valued at $27,000 after purchasing an additional 463 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in ON by 63.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,521 shares of the company’s stock valued at $42,000 after acquiring an additional 592 shares in the last quarter. Institutional investors and hedge funds own 33.11% of the company’s stock.

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.