Shares of On Holding AG (NYSE:ONON – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the twenty analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $45.83.
A number of research analysts recently issued reports on the stock. Needham & Company LLC lifted their price target on shares of ON from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price target on shares of ON from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. UBS Group lifted their price target on shares of ON from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Truist Financial boosted their price objective on shares of ON from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, TD Cowen boosted their price objective on shares of ON from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.
Check Out Our Latest Stock Report on ON
Hedge Funds Weigh In On ON
ON Stock Performance
Shares of ONON stock opened at $46.98 on Monday. The stock has a market capitalization of $29.58 billion, a P/E ratio of 106.77, a price-to-earnings-growth ratio of 1.30 and a beta of 2.22. The company has a 50 day moving average price of $40.16 and a 200 day moving average price of $37.09. ON has a fifty-two week low of $23.41 and a fifty-two week high of $48.08.
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.
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