ON (NYSE:ONON) Rating Reiterated by Stifel Nicolaus

ON (NYSE:ONON)‘s stock had its “buy” rating reaffirmed by analysts at Stifel Nicolaus in a research note issued to investors on Thursday, Benzinga reports. They presently have a $41.00 price target on the stock. Stifel Nicolaus’ target price suggests a potential upside of 12.14% from the company’s current price.

ONON has been the topic of a number of other reports. William Blair assumed coverage on ON in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Needham & Company LLC upped their price target on shares of ON from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday. Telsey Advisory Group increased their price objective on shares of ON from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday. Truist Financial lifted their target price on shares of ON from $30.00 to $34.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Evercore ISI increased their price target on ON from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.87.

ON Stock Up 0.4 %

NYSE:ONON traded up $0.14 on Thursday, hitting $36.56. The stock had a trading volume of 3,757,402 shares, compared to its average volume of 5,365,053. ON has a 52-week low of $23.41 and a 52-week high of $37.49. The stock has a market cap of $23.02 billion, a price-to-earnings ratio of 134.15, a price-to-earnings-growth ratio of 1.08 and a beta of 2.17. The business’s 50-day simple moving average is $33.15 and its two-hundred day simple moving average is $30.35.

ON (NYSE:ONON) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.18). The business had revenue of $504.69 million during the quarter, compared to the consensus estimate of $515.30 million. ON had a return on equity of 6.85% and a net margin of 4.04%. As a group, equities research analysts anticipate that ON will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its position in ON by 4.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,708,416 shares of the company’s stock valued at $46,076,000 after purchasing an additional 76,746 shares during the period. Liontrust Investment Partners LLP lifted its position in ON by 204.7% in the third quarter. Liontrust Investment Partners LLP now owns 517,942 shares of the company’s stock worth $14,410,000 after buying an additional 347,942 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in ON by 127.9% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 131,585 shares of the company’s stock worth $3,549,000 after buying an additional 73,839 shares during the period. Baltimore Washington Financial Advisors Inc. increased its position in ON by 10.3% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 292,338 shares of the company’s stock valued at $8,133,000 after acquiring an additional 27,206 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of ON by 10.6% in the third quarter. California Public Employees Retirement System now owns 397,752 shares of the company’s stock valued at $11,065,000 after acquiring an additional 38,103 shares during the period. Institutional investors own 33.11% of the company’s stock.

About ON

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.