KeyCorp Raises ON (NYSE:ONON) Price Target to $68.00

ON (NYSE:ONON) had its price target upped by KeyCorp from $60.00 to $68.00 in a research note released on Thursday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other research analysts have also issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $64.00 price target on shares of ON in a research note on Wednesday, January 15th. Barclays upped their target price on ON from $47.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Bank of America began coverage on ON in a research note on Tuesday, January 7th. They set a “buy” rating and a $73.00 price target on the stock. Robert W. Baird raised their price objective on ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Truist Financial upped their target price on ON from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.73.

ON Stock Performance

Shares of ONON stock opened at $60.21 on Thursday. ON has a fifty-two week low of $26.10 and a fifty-two week high of $60.99. The firm has a market capitalization of $37.91 billion, a price-to-earnings ratio of 140.02, a PEG ratio of 1.19 and a beta of 2.30. The stock’s 50-day simple moving average is $56.68 and its 200-day simple moving average is $49.60.

Institutional Trading of ON

Several institutional investors have recently modified their holdings of ONON. Private Trust Co. NA acquired a new position in shares of ON during the 3rd quarter worth about $26,000. Blue Trust Inc. raised its holdings in shares of ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after acquiring an additional 403 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of ON in the third quarter valued at approximately $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of ON by 210.5% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares in the last quarter. Finally, Legacy Bridge LLC acquired a new position in ON in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Company Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.