Shares of On Holding AG (NYSE:ONON – Get Rating) have earned a consensus rating of "Moderate Buy" from the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $31.36.
A number of brokerages recently issued reports on ONON. Morgan Stanley raised their price objective on shares of ON from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, August 17th. UBS Group raised their price objective on shares of ON from $25.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, August 17th. Exane BNP Paribas began coverage on shares of ON in a report on Wednesday, September 21st. They issued an "outperform" rating for the company. Stifel Nicolaus raised their price objective on shares of ON from $28.00 to $31.00 in a report on Tuesday, August 16th. Finally, Robert W. Baird raised their price objective on shares of ON from $28.00 to $31.00 and gave the company an "outperform" rating in a report on Wednesday, August 17th.
Get ON alerts:ON Trading Down 1.1 %
ONON stock opened at $17.16 on Monday. The stock has a market capitalization of $10.68 billion and a P/E ratio of -41.85. ON has a 12 month low of $16.16 and a 12 month high of $55.87. The firm has a 50-day moving average price of $20.69 and a 200-day moving average price of $21.40.
Institutional Trading of ON
Large investors have recently modified their holdings of the stock. HighTower Advisors LLC acquired a new stake in shares of ON during the 4th quarter worth approximately $838,000. Goldman Sachs Group Inc. grew its position in shares of ON by 86.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 716,431 shares of the company's stock worth $27,089,000 after buying an additional 333,118 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of ON by 341.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 661,390 shares of the company's stock worth $25,179,000 after buying an additional 511,663 shares during the period. Monetary Management Group Inc. acquired a new stake in shares of ON during the 4th quarter worth approximately $76,000. Finally, Renaissance Capital LLC grew its position in shares of ON by 18.1% during the 2nd quarter. Renaissance Capital LLC now owns 13,288 shares of the company's stock worth $235,000 after buying an additional 2,037 shares during the period. Institutional investors and hedge funds own 17.02% of the company's stock.ON Company Profile
(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.
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