UBS Group reissued their buy rating on shares of ON (NYSE:ONON – Free Report) in a research note published on Friday,Benzinga reports. The firm currently has a $63.00 price target on the stock.
Several other research analysts also recently weighed in on ONON. Stifel Nicolaus increased their price target on shares of ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. KeyCorp lifted their target price on ON from $47.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Needham & Company LLC initiated coverage on ON in a research report on Friday, November 22nd. They issued a “buy” rating and a $64.00 price target for the company. Bank of America raised ON from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $55.00 in a research report on Monday, September 23rd. Finally, Barclays increased their target price on shares of ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.77.
View Our Latest Research Report on ON
ON Stock Down 1.3 %
Hedge Funds Weigh In On ON
A number of institutional investors and hedge funds have recently modified their holdings of ONON. Private Trust Co. NA purchased a new position in ON during the third quarter worth $26,000. Blue Trust Inc. boosted its stake in shares of ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after purchasing an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after purchasing an additional 400 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in ON in the 3rd quarter worth about $29,000. Finally, Quarry LP bought a new stake in ON in the second quarter worth about $32,000. Hedge funds and other institutional investors own 36.39% 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.
Read More
- Five stocks we like better than ON
- Why Invest in 5G? How to Invest in 5G Stocks
- Power Up: Gaming Industry Expansion Fuels Stock Opportunities
- Want to Profit on the Downtrend? Downtrends, Explained.
- These 3 Quirky ETFs May Be Strong Plays in 2025
- Overbought Stocks Explained: Should You Trade Them?
- Buffett Takes the Bait; Berkshire Buys More Oxy in December
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.