Shares of On Holding AG (NYSE:ONON – Get Free Report) have earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $47.95.
Several research firms recently commented on ONON. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $47.00 price target on shares of ON in a report on Tuesday, August 13th. Truist Financial lifted their price target on ON from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Sanford C. Bernstein initiated coverage on shares of ON in a report on Tuesday, June 11th. They issued an “outperform” rating and a $50.00 price objective for the company. Evercore ISI raised shares of ON to an “overweight” rating and lifted their target price for the stock from $43.00 to $47.00 in a research note on Monday, August 12th. Finally, KeyCorp boosted their target price on shares of ON from $47.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday.
Check Out Our Latest Stock Report on ON
Institutional Trading of ON
ON Stock Up 2.7 %
Shares of ONON opened at $51.55 on Friday. The firm’s fifty day moving average is $43.98 and its two-hundred day moving average is $39.04. The stock has a market cap of $32.46 billion, a PE ratio of 117.16, a price-to-earnings-growth ratio of 1.40 and a beta of 2.24. ON has a 52-week low of $23.41 and a 52-week high of $52.16.
ON (NYSE:ONON – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The business had revenue of $627.66 million for the quarter, compared to analysts’ expectations of $634.43 million. ON had a net margin of 7.42% and a return on equity of 13.02%. As a group, research analysts anticipate that ON will post 0.82 earnings per share for the current year.
About ON
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.
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