Analysts Set On Holding AG (NYSE:ONON) Price Target at $61.90

On Holding AG (NYSE:ONON) has received an average rating of “Buy” from the twenty-three analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $61.90.

ONON has been the topic of several recent analyst reports. Citigroup started coverage on shares of ON in a report on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 target price on the stock. Morgan Stanley lifted their price target on shares of ON from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. KeyCorp reaffirmed an “overweight” rating and set a $68.00 price target on shares of ON in a report on Wednesday, March 5th. Hsbc Global Res raised shares of ON from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $67.00 price target on shares of ON in a report on Tuesday, March 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital Advisors Inc. OK lifted its position in shares of ON by 3.2% in the 4th quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company’s stock worth $350,000 after purchasing an additional 200 shares during the period. Keystone Investors PTE Ltd. lifted its position in shares of ON by 0.8% during the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company’s stock valued at $1,639,000 after acquiring an additional 228 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of ON by 2.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company’s stock valued at $516,000 after acquiring an additional 259 shares during the period. CreativeOne Wealth LLC lifted its position in shares of ON by 2.4% during the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company’s stock valued at $743,000 after acquiring an additional 323 shares during the period. Finally, Atria Investments Inc lifted its position in shares of ON by 6.6% during the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company’s stock valued at $302,000 after acquiring an additional 341 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Stock Down 3.9 %

ONON stock opened at $46.18 on Friday. ON has a 12 month low of $29.84 and a 12 month high of $64.05. The firm has a market cap of $29.08 billion, a P/E ratio of 107.40, a P/E/G ratio of 1.02 and a beta of 2.35. The company’s 50-day moving average price is $53.63 and its two-hundred day moving average price is $52.66.

About ON

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.