ON (NYSE:ONON – Free Report) had its price target raised by Morgan Stanley from $44.00 to $46.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.
A number of other research analysts also recently weighed in on ONON. Stifel Nicolaus raised their target price on shares of ON from $41.00 to $45.00 and gave the company a buy rating in a research report on Monday, August 12th. KeyCorp raised their price objective on ON from $40.00 to $47.00 and gave the company an overweight rating in a report on Wednesday, July 24th. Truist Financial upped their target price on ON from $46.00 to $51.00 and gave the stock a buy rating in a report on Wednesday. Needham & Company LLC raised their price target on ON from $40.00 to $45.00 and gave the company a buy rating in a research note on Wednesday, May 15th. Finally, JPMorgan Chase & Co. upped their price objective on ON from $40.00 to $47.00 and gave the stock an overweight rating in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $45.11.
View Our Latest Stock Report on ONON
ON Stock Performance
Hedge Funds Weigh In On ON
Large investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC increased its position in ON by 1.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company’s stock worth $924,000 after buying an additional 300 shares during the period. Artemis Investment Management LLP increased its position in ON by 1.9% during the second quarter. Artemis Investment Management LLP now owns 16,410 shares of the company’s stock worth $637,000 after acquiring an additional 302 shares during the period. Crossmark Global Holdings Inc. raised its stake in ON by 3.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock worth $404,000 after purchasing an additional 325 shares in the last quarter. Asset Dedication LLC boosted its holdings in ON by 25.8% in the 2nd quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock valued at $62,000 after purchasing an additional 327 shares during the period. Finally, King Luther Capital Management Corp grew its position in shares of ON by 0.7% during the 2nd quarter. King Luther Capital Management Corp now owns 56,021 shares of the company’s stock worth $2,174,000 after purchasing an additional 405 shares in the last quarter. Institutional investors own 33.11% 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.
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