ON (NYSE:ONON) Given Buy Rating at UBS Group

ON (NYSE:ONON)‘s stock had its “buy” rating reiterated by UBS Group in a report issued on Friday,Benzinga reports. They presently have a $63.00 price objective on the stock. UBS Group’s target price points to a potential upside of 11.72% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Hsbc Global Res raised ON to a “hold” rating in a research report on Thursday, September 5th. Citigroup started coverage on ON in a report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price objective on the stock. Stifel Nicolaus upped their target price on ON from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Raymond James upgraded shares of ON from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $58.00 to $63.00 in a research note on Thursday, November 21st. Finally, Bank of America raised shares of ON from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $55.00 in a report on Monday, September 23rd. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.77.

ON Trading Down 0.1 %

ONON opened at $56.39 on Friday. The stock has a market capitalization of $35.51 billion, a price-to-earnings ratio of 131.14 and a beta of 2.30. The business has a 50 day moving average of $53.62 and a 200-day moving average of $47.05. ON has a 1-year low of $25.78 and a 1-year high of $60.12.

Institutional Trading of ON

A number of institutional investors have recently bought and sold shares of the business. RB Capital Management LLC grew its stake in shares of ON by 214.8% during the third quarter. RB Capital Management LLC now owns 22,426 shares of the company’s stock worth $1,125,000 after purchasing an additional 15,303 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in ON by 100.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company’s stock worth $49,716,000 after buying an additional 642,894 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of ON by 584.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company’s stock worth $4,195,000 after buying an additional 71,436 shares during the period. Forte Capital LLC ADV bought a new stake in shares of ON in the 3rd quarter valued at about $742,000. Finally, Coronation Fund Managers Ltd. raised its position in shares of ON by 248.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 154,903 shares of the company’s stock valued at $6,010,000 after acquiring an additional 110,467 shares during the period. 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 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.