ON (NYSE:ONON) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

by · The Cerbat Gem

ON (NYSE:ONON – Get Free Report) had its price target raised by stock analysts at Telsey Advisory Group from $47.00 to $53.00 in a report issued on Wednesday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 5.20% from the company’s previous close.

Other analysts have also recently issued reports about the company. Bank of America raised ON from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $21.00 to $55.00 in a report on Monday, September 23rd. KeyCorp lifted their price target on ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. HSBC started coverage on ON in a report on Thursday, September 5th. They set a “hold” rating and a $52.00 price target for the company. Truist Financial lifted their price target on ON from $51.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, TD Cowen lifted their price target on ON from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.37.

View Our Latest Research Report on ON

ON Trading Up 5.9 %

Shares of NYSE ONON opened at $50.38 on Wednesday. ON has a 12 month low of $24.15 and a 12 month high of $52.80. The stock has a 50 day moving average of $48.76 and a 200-day moving average of $42.33. The company has a market capitalization of $31.72 billion, a P/E ratio of 95.06 and a beta of 2.25.

ON (NYSE:ONON – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). ON had a return on equity of 13.02% and a net margin of 7.42%. The business had revenue of $627.66 million for the quarter, compared to the consensus estimate of $634.43 million. Analysts predict that ON will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On ON

A number of institutional investors have recently made changes to their positions in the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of ON in the 3rd quarter valued at about $29,000. RiverPark Advisors LLC bought a new stake in shares of ON in the 3rd quarter valued at about $175,000. Accredited Investors Inc. bought a new stake in shares of ON in the 3rd quarter valued at about $256,000. River Street Advisors LLC bought a new stake in shares of ON in the 3rd quarter valued at about $183,000. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of ON in the 3rd quarter valued at about $254,000. Institutional investors own 33.11% of the company’s stock.

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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