Recent Research Analysts’ Ratings Updates for ON (ONON)

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

• 1/15/2025 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $67.00 price target on the stock.
• 1/15/2025 – ON had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $64.00 price target on the stock.
• 1/8/2025 – ON had its price target raised by analysts at TD Cowen from $65.00 to $66.00. They now have a “buy” rating on the stock.
• 1/7/2025 – ON is now covered by analysts at Bank of America Co.. They set a “buy” rating and a $73.00 price target on the stock.
• 12/27/2024 – ON had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $63.00 price target on the stock.
• 12/18/2024 – ON is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $65.00 price target on the stock.
• 12/11/2024 – ON had its price target raised by analysts at Stifel Nicolaus from $60.00 to $66.00. They now have a “buy” rating on the stock.
• 11/22/2024 – ON is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $64.00 price target on the stock.
• 11/21/2024 – ON was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating. They now have a $63.00 price target on the stock, up previously from $58.00.

ON Stock Up 3.0 %

Shares of ONON traded up $1.69 during trading on Friday, reaching $58.02. 5,054,824 shares of the company traded hands, compared to its average volume of 2,878,588. On Holding AG has a twelve month low of $26.03 and a twelve month high of $60.12. The stock has a 50-day simple moving average of $55.87 and a 200-day simple moving average of $48.60. The stock has a market cap of $36.53 billion, a PE ratio of 134.94, a price-to-earnings-growth ratio of 1.16 and a beta of 2.30.

Hedge Funds Weigh In On ON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONON. Capital Advisors Inc. OK raised its holdings in ON by 5.1% in the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock valued at $310,000 after acquiring an additional 301 shares in the last quarter. Sage Capital Advisors llc increased its position in shares of ON by 0.3% in the 3rd quarter. Sage Capital Advisors llc now owns 99,859 shares of the company’s stock valued at $5,008,000 after purchasing an additional 328 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of ON by 210.5% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after purchasing an additional 400 shares in the last quarter. Blue Trust Inc. grew its stake in shares of ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after purchasing an additional 403 shares in the last quarter. Finally, King Luther Capital Management Corp grew its stake 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 purchasing an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.