ON (NYSE:ONON) Given a $79.00 Price Target by UBS Group Analysts

ON (NYSE:ONONGet Free Report) has been assigned a $79.00 price target by stock analysts at UBS Group in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 78.35% from the company’s current price.

ONON has been the topic of a number of other research reports. Morgan Stanley reiterated an “overweight” rating and issued a $65.00 price target (up previously from $62.00) on shares of ON in a research note on Wednesday. Piper Sandler reiterated an “overweight” rating on shares of ON in a research note on Tuesday, May 13th. KeyCorp upped their price target on shares of ON from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 14th. Jefferies Financial Group set a $40.00 price target on shares of ON and gave the stock an “underperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus upped their price target on shares of ON from $57.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, one has assigned 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 an average rating of “Moderate Buy” and a consensus target price of $64.20.

Check Out Our Latest Research Report on ON

ON Stock Down 8.1%

NYSE:ONON opened at $44.30 on Wednesday. The firm’s 50-day moving average price is $51.67 and its 200-day moving average price is $50.77. The company has a market capitalization of $27.89 billion, a PE ratio of 98.44, a P/E/G ratio of 2.75 and a beta of 2.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.18. ON has a 1-year low of $34.59 and a 1-year high of $64.05.

Institutional Investors Weigh In On ON

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ramirez Asset Management Inc. increased its position in shares of ON by 20.0% during the 2nd quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company’s stock valued at $62,000 after purchasing an additional 200 shares during the last quarter. CWM LLC increased its position in shares of ON by 22.2% during the 1st quarter. CWM LLC now owns 1,259 shares of the company’s stock valued at $55,000 after purchasing an additional 229 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of ON by 1.0% during the 2nd quarter. Asset Management One Co. Ltd. now owns 24,939 shares of the company’s stock valued at $1,298,000 after purchasing an additional 243 shares during the last quarter. Sage Capital Advisors llc increased its position in shares of ON by 0.3% during the 1st quarter. Sage Capital Advisors llc now owns 100,329 shares of the company’s stock valued at $4,406,000 after purchasing an additional 269 shares during the last quarter. Finally, Lido Advisors LLC increased its position in shares of ON by 1.2% during the 2nd quarter. Lido Advisors LLC now owns 23,754 shares of the company’s stock valued at $1,236,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Company Profile

(Get Free Report)

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

Further Reading

Analyst Recommendations for ON (NYSE:ONON)

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