BNP Paribas Begins Coverage on ON (NYSE:ONON)

BNP Paribas assumed coverage on shares of ON (NYSE:ONONGet Rating) in a report issued on Wednesday, Marketbeat reports. The brokerage issued an outperform rating on the stock.

ONON has been the topic of a number of other reports. Robert W. Baird boosted their price target on ON from $28.00 to $31.00 and gave the stock an outperform rating in a report on Wednesday, August 17th. OTR Global began coverage on ON in a report on Tuesday, July 26th. They set a positive rating on the stock. Piper Sandler reaffirmed an initiates rating on shares of ON in a report on Tuesday, July 26th. Morgan Stanley upped their price objective on ON from $32.00 to $34.00 and gave the stock an overweight rating in a report on Wednesday, August 17th. Finally, UBS Group upped their price objective on ON from $25.00 to $35.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, ON presently has a consensus rating of Moderate Buy and a consensus target price of $31.08.

ON Trading Up 0.1 %

NYSE ONON opened at $17.74 on Wednesday. The stock’s 50 day moving average is $20.68 and its 200 day moving average is $21.47. ON has a 12 month low of $16.16 and a 12 month high of $55.87. The stock has a market cap of $11.04 billion and a PE ratio of -43.27.

Hedge Funds Weigh In On ON

Hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC bought a new position in ON in the 4th quarter valued at $838,000. Goldman Sachs Group Inc. grew its position in ON by 86.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 716,431 shares of the company’s stock valued at $27,089,000 after acquiring an additional 333,118 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in ON by 341.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 661,390 shares of the company’s stock valued at $25,179,000 after acquiring an additional 511,663 shares during the last quarter. Monetary Management Group Inc. bought a new position in ON in the 4th quarter valued at $76,000. Finally, Renaissance Capital LLC grew its position in ON by 18.1% in the 2nd quarter. Renaissance Capital LLC now owns 13,288 shares of the company’s stock valued at $235,000 after acquiring an additional 2,037 shares during the last quarter. Institutional investors own 17.02% of the company’s stock.

About ON

(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.

Further Reading

Analyst Recommendations for ON (NYSE:ONON)

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