On Holding AG (NYSE:ONON – Get Rating) has been given an average rating of “Hold” by the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $34.73.
A number of brokerages recently weighed in on ONON. Robert W. Baird lowered their target price on shares of ON from $46.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. Morgan Stanley dropped their price objective on ON from $41.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, March 21st. Berenberg Bank assumed coverage on ON in a research report on Tuesday, April 19th. They set a “buy” rating and a $31.00 target price on the stock. Credit Suisse Group lowered their target price on ON to $34.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. Finally, UBS Group reduced their price objective on shares of ON from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, March 21st.
Several hedge funds have recently added to or reduced their stakes in the company. Durable Capital Partners LP boosted its position in shares of ON by 114.5% during the 1st quarter. Durable Capital Partners LP now owns 11,028,390 shares of the company’s stock worth $278,357,000 after purchasing an additional 5,887,034 shares in the last quarter. Bond Capital Management LP bought a new position in ON in the 1st quarter valued at about $142,069,000. Wellington Management Group LLP bought a new position in ON in the 3rd quarter valued at about $125,194,000. Capital Research Global Investors lifted its position in ON by 4.8% in the 1st quarter. Capital Research Global Investors now owns 4,233,780 shares of the company’s stock valued at $106,861,000 after acquiring an additional 195,301 shares in the last quarter. Finally, BlackRock Inc. lifted its position in ON by 51.7% in the 1st quarter. BlackRock Inc. now owns 2,720,183 shares of the company’s stock valued at $68,656,000 after acquiring an additional 926,847 shares in the last quarter. 18.45% of the stock is currently owned by institutional investors.
ON (NYSE:ONON – Get Rating) last announced its earnings results on Tuesday, May 17th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.18. The company had revenue of $235.70 million during the quarter, compared to the consensus estimate of $170.83 million. The company’s revenue was up 67.9% compared to the same quarter last year. As a group, research analysts predict that ON will post 0.03 earnings per share for the current year.
ON Company Profile (Get Rating)
On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.
- Get a free copy of the StockNews.com research report on ON (ONON)
- Ride Out The Recession With These Dividend Kings
- MarketBeat: Week in Review 6/13 – 6/17
- eBay’s Long Term Fundamentals Are Intact If You Can Stomach Short Term Volatility
- Honda’s Stock Continues To Fly Under The Radar
- Vuzix Stock Stays Optimistic
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
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.