ON (NYSE:ONON) Price Target Increased to $51.00 by Analysts at Truist Financial

ON (NYSE:ONON) had its target price boosted by Truist Financial from $46.00 to $51.00 in a report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also issued reports on ONON. Evercore ISI upgraded shares of ON to an overweight rating and upped their target price for the stock from $43.00 to $47.00 in a research report on Monday, August 12th. Telsey Advisory Group reiterated an outperform rating and set a $47.00 target price on shares of ON in a research report on Tuesday, August 13th. Sanford C. Bernstein started coverage on shares of ON in a research report on Tuesday, June 11th. They set an outperform rating and a $50.00 target price on the stock. TD Cowen upped their target price on shares of ON from $36.00 to $38.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus upped their target price on shares of ON from $41.00 to $45.00 and gave the stock a buy rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, ON currently has a consensus rating of Moderate Buy and an average price target of $45.11.

ON Trading Down 0.4 %

Shares of ONON stock opened at $42.54 on Wednesday. ON has a 1 year low of $23.41 and a 1 year high of $44.30. The firm’s 50 day moving average is $39.62 and its 200-day moving average is $35.83. The firm has a market capitalization of $26.79 billion, a price-to-earnings ratio of 96.68, a PEG ratio of 1.16 and a beta of 2.22.

Institutional Investors Weigh In On ON

Large investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC increased its position in shares of ON by 1.3% during the second quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company’s stock worth $924,000 after acquiring an additional 300 shares in the last quarter. Artemis Investment Management LLP increased its position in shares of ON by 1.9% during the second quarter. Artemis Investment Management LLP now owns 16,410 shares of the company’s stock worth $637,000 after acquiring an additional 302 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of ON by 3.2% during the second quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock worth $404,000 after acquiring an additional 325 shares in the last quarter. Asset Dedication LLC increased its position in shares of ON by 25.8% during the second quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock worth $62,000 after acquiring an additional 327 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of ON by 0.7% during the second quarter. King Luther Capital Management Corp now owns 56,021 shares of the company’s stock worth $2,174,000 after acquiring an additional 405 shares in the last quarter. Institutional investors 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.