Shares of On Holding AG (NYSE:ONON – Get Free Report) have been given an average rating of “Moderate Buy” by the twenty ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $42.53.
ONON has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating and issued a $40.00 price target on shares of ON in a research report on Friday, June 21st. Evercore ISI increased their price objective on shares of ON from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 15th. Sanford C. Bernstein initiated coverage on shares of ON in a research report on Tuesday, June 11th. They set an “outperform” rating and a $50.00 price objective for the company. TD Cowen increased their price objective on shares of ON from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of ON from $40.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th.
Get Our Latest Analysis on ONON
Institutional Inflows and Outflows
ON Stock Performance
Shares of NYSE ONON opened at $37.51 on Friday. ON has a 52-week low of $23.41 and a 52-week high of $44.30. The firm has a 50 day moving average price of $38.80 and a two-hundred day moving average price of $33.74. The stock has a market cap of $23.62 billion, a P/E ratio of 85.25, a price-to-earnings-growth ratio of 1.10 and a beta of 2.22.
ON (NYSE:ONON – Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.20. ON had a net margin of 6.46% and a return on equity of 11.13%. The firm had revenue of $581.41 million during the quarter, compared to analysts’ expectations of $555.52 million. Analysts predict that ON will post 0.78 earnings per share for the current fiscal year.
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.
Read More
- Five stocks we like better than ON
- What is a Dividend King?
- MarketBeat Week in Review – 7/8 – 7/12
- What is the Dow Jones Industrial Average (DJIA)?
- Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
- Compound Interest and Why It Matters When Investing
- Top 3 Beverage Stocks: Summer Earnings Reveal Key Trends
Receive News & Ratings for ON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON and related companies with MarketBeat.com's FREE daily email newsletter.