Sanford C. Bernstein Begins Coverage on ON (NYSE:ONON)

Sanford C. Bernstein started coverage on shares of ON (NYSE:ONONFree Report) in a research report released on Tuesday, MarketBeat Ratings reports. The firm issued an outperform rating and a $50.00 price target on the stock.

Other equities research analysts also recently issued research reports about the stock. William Blair assumed coverage on shares of ON in a research report on Tuesday, April 16th. They issued an outperform rating for the company. UBS Group lifted their target price on shares of ON from $53.00 to $55.00 and gave the stock a buy rating in a research report on Wednesday, May 15th. Barclays lifted their target price on shares of ON from $38.00 to $40.00 and gave the stock an overweight rating in a research report on Wednesday, May 15th. TD Cowen boosted their price objective on shares of ON from $36.00 to $38.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC boosted their price objective on shares of ON from $40.00 to $45.00 and gave the company a buy rating in a research report on Wednesday, May 15th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, ON presently has a consensus rating of Moderate Buy and a consensus price target of $41.69.

Read Our Latest Stock Analysis on ONON

ON Stock Down 1.7 %

Shares of NYSE ONON opened at $42.90 on Tuesday. ON has a twelve month low of $23.41 and a twelve month high of $44.30. The firm has a market cap of $27.01 billion, a P/E ratio of 97.50, a PEG ratio of 1.26 and a beta of 2.27. The company has a 50 day moving average of $36.11 and a 200 day moving average of $32.30.

ON (NYSE:ONONGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.20. ON had a net margin of 6.46% and a return on equity of 11.13%. The business had revenue of $581.41 million during the quarter, compared to the consensus estimate of $555.52 million. As a group, equities analysts expect that ON will post 0.77 earnings per share for the current fiscal year.

Institutional Trading of ON

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its stake in ON by 20.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,145 shares of the company’s stock worth $60,000 after acquiring an additional 367 shares in the last quarter. Janney Capital Management LLC grew its stake in ON by 3.1% in the 4th quarter. Janney Capital Management LLC now owns 14,893 shares of the company’s stock worth $402,000 after acquiring an additional 443 shares in the last quarter. Spire Wealth Management grew its stake in ON by 91.0% in the 3rd quarter. Spire Wealth Management now owns 972 shares of the company’s stock worth $27,000 after acquiring an additional 463 shares in the last quarter. Avitas Wealth Management LLC grew its stake in ON by 2.7% in the 4th quarter. Avitas Wealth Management LLC now owns 22,943 shares of the company’s stock worth $619,000 after acquiring an additional 602 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA grew its stake in ON by 5.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 13,392 shares of the company’s stock worth $361,000 after acquiring an additional 700 shares in the last quarter. 33.11% of the stock is owned by hedge funds and other institutional investors.

ON Company Profile

(Get Free Report)

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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