Q4 Earnings Forecast for ON Issued By KeyCorp (NYSE:ONON)

On Holding AG (NYSE:ONON) – Stock analysts at KeyCorp issued their Q4 2025 earnings per share estimates for ON in a research note issued to investors on Thursday, January 22nd. KeyCorp analyst A. Owens expects that the company will earn $0.17 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $58.00 target price on the stock. The consensus estimate for ON’s current full-year earnings is $0.66 per share.

ONON has been the subject of several other reports. Zacks Research cut shares of ON from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Piper Sandler reiterated an “overweight” rating on shares of ON in a research report on Friday, December 5th. Williams Trading lowered shares of ON from a “buy” rating to a “hold” rating and lowered their target price for the stock from $55.00 to $47.00 in a research note on Thursday, January 8th. Weiss Ratings restated a “sell (d+)” rating on shares of ON in a research report on Thursday. Finally, Raymond James Financial cut their price target on ON from $66.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, ON has an average rating of “Moderate Buy” and a consensus price target of $60.14.

ON Trading Up 1.2%

ON stock opened at $46.51 on Monday. The firm has a market cap of $29.21 billion, a PE ratio of 60.40, a P/E/G ratio of 1.38 and a beta of 2.15. ON has a 12 month low of $34.38 and a 12 month high of $64.05. The stock’s 50 day simple moving average is $46.39 and its two-hundred day simple moving average is $45.15. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On ON

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Winslow Capital Management LLC acquired a new stake in ON in the 2nd quarter valued at about $248,113,000. Sands Capital Management LLC acquired a new position in shares of ON during the 2nd quarter worth approximately $240,177,000. Norges Bank purchased a new stake in shares of ON in the second quarter valued at approximately $138,641,000. Ameriprise Financial Inc. grew its position in shares of ON by 4,564.3% in the second quarter. Ameriprise Financial Inc. now owns 2,291,611 shares of the company’s stock valued at $119,752,000 after purchasing an additional 2,242,480 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of ON by 765.4% in the second quarter. State Street Corp now owns 2,219,015 shares of the company’s stock valued at $115,500,000 after purchasing an additional 1,962,586 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

About ON

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.