ON (ONON) – Investment Analysts’ Recent Ratings Changes

ON (NYSE: ONON) has recently received a number of price target changes and ratings updates:

• 5/7/2024 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $37.00 price target on the stock.
• 5/6/2024 – ON had its price target raised by analysts at Morgan Stanley from $32.00 to $35.00. They now have an “overweight” rating on the stock.
• 5/2/2024 – ON had its price target raised by analysts at TD Cowen from $36.00 to $38.00. They now have a “buy” rating on the stock.
• 4/24/2024 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $37.00 price target on the stock.
• 4/22/2024 – ON had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $32.00 price target on the stock.
• 4/16/2024 – ON is now covered by analysts at William Blair. They set an “outperform” rating on the stock.
• 4/11/2024 – ON had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $32.00 price target on the stock.
• 4/1/2024 – ON is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $38.00 price target on the stock.
• 3/21/2024 – ON had its price target raised by analysts at Piper Sandler from $37.00 to $39.00. They now have an “overweight” rating on the stock.
• 3/18/2024 – ON was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
• 3/13/2024 – ON had its price target lowered by analysts at Morgan Stanley from $34.00 to $32.00. They now have an “overweight” rating on the stock.
• 3/13/2024 – ON had its price target lowered by analysts at Evercore ISI from $40.00 to $37.00. They now have an “outperform” rating on the stock.
• 3/13/2024 – ON had its price target raised by analysts at Truist Financial Co. from $29.00 to $30.00. They now have a “hold” rating on the stock.

ON Stock Performance

Shares of NYSE ONON opened at $34.02 on Wednesday. On Holding AG has a fifty-two week low of $23.41 and a fifty-two week high of $37.08. The company has a market cap of $21.42 billion, a PE ratio of 126.00, a P/E/G ratio of 1.16 and a beta of 2.17. The business has a 50-day simple moving average of $33.26 and a two-hundred day simple moving average of $30.05.

ON (NYSE:ONON) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). ON had a return on equity of 6.85% and a net margin of 4.04%. The company had revenue of $504.69 million during the quarter, compared to analysts’ expectations of $515.30 million. On average, sell-side analysts predict that On Holding AG will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ON

A number of institutional investors and hedge funds have recently modified their holdings of the company. Spire Wealth Management raised its position in ON by 91.0% during the 3rd quarter. Spire Wealth Management now owns 972 shares of the company’s stock worth $27,000 after buying an additional 463 shares during the last quarter. Orion Capital Management LLC lifted its position in ON by 1,100.0% during the fourth quarter. Orion Capital Management LLC now owns 1,200 shares of the company’s stock valued at $32,000 after purchasing an additional 1,100 shares during the period. VisionPoint Advisory Group LLC purchased a new stake in ON in the fourth quarter valued at $32,000. Global Wealth Management Investment Advisory Inc. acquired a new stake in ON during the 4th quarter worth about $33,000. Finally, Asset Dedication LLC purchased a new position in shares of ON during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 33.11% of the company’s stock.

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.