On Holding AG (NYSE:ONON – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $44.83 and last traded at $44.80, with a volume of 1224006 shares trading hands. The stock had previously closed at $43.19.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ONON. Raymond James started coverage on shares of ON in a report on Wednesday, July 31st. They issued an “outperform” rating and a $46.00 price objective for the company. The Goldman Sachs Group lifted their price target on ON from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Evercore ISI upgraded ON to an “overweight” rating and raised their target price for the stock from $43.00 to $47.00 in a research note on Monday, August 12th. TD Cowen increased their price target on shares of ON from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Piper Sandler restated an “overweight” rating and issued a $52.00 price objective on shares of ON in a research report on Friday. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.83.
View Our Latest Analysis on ON
ON Price Performance
Institutional Trading of ON
Several hedge funds and other institutional investors have recently bought and sold shares of ONON. J.W. Cole Advisors Inc. bought a new stake in shares of ON in the 4th quarter worth approximately $360,000. Stevens Capital Management LP purchased a new stake in ON during the fourth quarter valued at about $226,000. California First Leasing Corp grew its stake in shares of ON by 112.9% during the fourth quarter. California First Leasing Corp now owns 36,200 shares of the company’s stock valued at $976,000 after buying an additional 19,200 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of ON by 205.4% during the fourth quarter. Russell Investments Group Ltd. now owns 325,731 shares of the company’s stock valued at $8,785,000 after buying an additional 219,091 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors increased its holdings in shares of ON by 3.7% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 44,500 shares of the company’s stock worth $1,200,000 after buying an additional 1,600 shares during the period. Hedge funds and other institutional investors own 33.11% of the company’s stock.
ON Company Profile
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.
Featured Stories
- Five stocks we like better than ON
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Lumen: Among Top Performers Last Month, Still Has Warning Signs
- What Are the FAANG Stocks and Are They Good Investments?
- Baidu’s Strong Quarter Proves a Smart Pick for Michael Burry
- Why Invest in High-Yield Dividend Stocks?
- Intuit Beats Q4 Earnings: AI, Dividends, and a Growth Strategy
Receive News & Ratings for ON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON and related companies with MarketBeat.com's FREE daily email newsletter.