ON’s (ONON) Buy Rating Reiterated at UBS Group

UBS Group reissued their buy rating on shares of ON (NYSE:ONONFree 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 %

ON stock opened at $55.63 on Friday. The business has a 50-day simple moving average of $53.94 and a two-hundred day simple moving average of $47.23. ON has a 52-week low of $25.78 and a 52-week high of $60.12. The company has a market cap of $35.03 billion, a P/E ratio of 129.38 and a beta of 2.30.

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

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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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Analyst Recommendations for ON (NYSE:ONON)

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