ON (NYSE:ONON) Price Target Raised to $66.00

ON (NYSE:ONON) had its price objective increased by Stifel Nicolaus from $60.00 to $66.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. BTIG Research upgraded shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, November 13th. UBS Group increased their price target on ON from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Piper Sandler lifted their price objective on ON from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Needham & Company LLC started coverage on ON in a research note on Friday, November 22nd. They issued a “buy” rating and a $64.00 target price on the stock. Finally, Robert W. Baird raised their target price on ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.38.

ON Stock Down 0.6 %

Shares of ONON stock opened at $57.28 on Wednesday. ON has a 12 month low of $25.78 and a 12 month high of $60.12. The firm has a market cap of $36.07 billion, a price-to-earnings ratio of 133.21 and a beta of 2.30. The stock has a 50-day moving average price of $52.63 and a 200 day moving average price of $46.22.

Institutional Trading of ON

A number of institutional investors have recently modified their holdings of the company. Private Trust Co. NA bought a new position in shares of ON during the third quarter worth about $26,000. Blue Trust Inc. boosted its position in ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after acquiring an additional 403 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of ON during the 3rd quarter worth approximately $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of ON by 210.5% in the third 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 during the last quarter. Finally, Quarry LP bought a new stake in shares of ON in the second quarter worth $32,000. 36.39% of the stock is currently owned by institutional investors.

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.