ON (NYSE:ONON – Free Report) 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.
View Our Latest Analysis on ON
ON Trading Down 0.4 %
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.
Featured Stories
- Five stocks we like better than ON
- Stock Dividend Cuts Happen Are You Ready?
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Health Care Stocks Explained: Why You Might Want to Invest
- MarketBeat Week in Review – 8/12 – 8/16
- Insider Selling Explained: Can it Inform Your Investing Choices?
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
Receive News & Ratings for ON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON and related companies with MarketBeat.com's FREE daily email newsletter.