ON (NYSE:ONON) Price Target Cut to $57.00 by Analysts at Barclays

ON (NYSE:ONON) had its price objective reduced by Barclays from $60.00 to $57.00 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages also recently commented on ONON. Zacks Research raised shares of ON from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Piper Sandler reissued an “overweight” rating on shares of ON in a report on Friday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price objective on shares of ON in a research note on Thursday, February 26th. KeyCorp reissued an “overweight” rating on shares of ON in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on ON from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ON presently has a consensus rating of “Moderate Buy” and an average target price of $59.41.

ON Trading Down 1.4%

NYSE:ONON opened at $43.28 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.28. ON has a 1-year low of $34.38 and a 1-year high of $61.29. The firm has a market capitalization of $27.18 billion, a price-to-earnings ratio of 60.11, a PEG ratio of 1.31 and a beta of 2.14. The business’s 50-day moving average price is $46.24 and its two-hundred day moving average price is $44.42.

ON (NYSE:ONON) last posted its earnings results on Tuesday, March 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.06. The company had revenue of $937.29 million during the quarter, compared to analyst estimates of $727.55 million. ON had a return on equity of 13.68% and a net margin of 6.59%.The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. On average, equities analysts expect that ON will post 0.66 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Morgan Stanley lifted its position in shares of ON by 40.9% in the fourth quarter. Morgan Stanley now owns 24,119,871 shares of the company’s stock worth $1,121,092,000 after purchasing an additional 6,997,455 shares in the last quarter. Platinum Paramount Investment LTD. acquired a new stake in ON in the 4th quarter valued at $525,784,000. Sinvest Investments II Ltd. bought a new stake in ON during the 4th quarter worth about $390,432,000. Sands Capital Management LLC boosted its stake in shares of ON by 46.7% during the 3rd quarter. Sands Capital Management LLC now owns 6,769,430 shares of the company’s stock worth $286,685,000 after buying an additional 2,155,083 shares during the last quarter. Finally, Bamco Inc. NY boosted its stake in shares of ON by 13.9% during the 4th quarter. Bamco Inc. NY now owns 5,405,486 shares of the company’s stock worth $251,247,000 after buying an additional 658,933 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors.

More ON News

Here are the key news stories impacting ON this week:

• Positive Sentiment: Q4 results beat across the board — EPS topped estimates and revenue came in well above consensus; full-year sales topped CHF 3.0 billion and margins hit record levels, supporting longer-term growth thesis. Earnings / Transcript
• Positive Sentiment: Several sell-side analysts remain constructive: Telsey reaffirmed an outperform rating with a $65 PT, and the consensus of analyst targets still implies meaningful upside — evidence that long-term estimates and demand assumptions remain favorable. Telsey / Analyst Notes
• Neutral Sentiment: Earnings-call transcripts and detailed commentary are available for investors wanting management’s guideposts on category expansion and margin drivers — useful for assessing whether FY26 guidance is conservative or structural. Earnings Call Transcript
• Neutral Sentiment: Aggregate analyst price-target coverage still implies ~20–30% upside on average, which keeps buy-side narratives alive despite short-term volatility. Zacks Analyst Consensus
• Negative Sentiment: Management’s FY26 revenue guidance was below many analysts’ expectations, triggering an immediate downshift in sentiment and a sharp intraday reaction as investors re-priced forward growth. CNBC: Guidance Reaction
• Negative Sentiment: Some brokerages trimmed price targets (Barclays lowered its PT from $60 to $57; Guggenheim cut from $59 to $51) — lowering near-term upside expectations even though ratings largely stayed constructive. Benzinga: PT Changes
• Negative Sentiment: Media coverage highlighted that guidance “spooked” investors and led to a material pullback in sentiment; that narrative is amplifying short-term selling pressure. Seeking Alpha: Investor Reaction

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.