Stifel Nicolaus Has Lowered Expectations for ON (NYSE:ONON) Stock Price

by · The Cerbat Gem

ON (NYSE:ONON – Free Report) had its price target cut by Stifel Nicolaus from $66.00 to $57.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

ONON has been the subject of several other reports. Jefferies Financial Group started coverage on ON in a research note on Tuesday, April 1st. They set a “hold” rating and a $44.00 price objective for the company. Bank of America assumed coverage on ON in a research report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price target for the company. Barclays raised their price objective on ON from $63.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. The Goldman Sachs Group cut shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a research report on Wednesday, February 12th. Finally, TD Cowen boosted their price target on shares of ON from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $60.05.

Get Our Latest Stock Analysis on ON

ON Stock Down 4.5 %

Shares of NYSE ONON opened at $42.99 on Thursday. ON has a 52-week low of $29.84 and a 52-week high of $64.05. The company’s 50-day simple moving average is $48.03 and its 200-day simple moving average is $52.06. The firm has a market cap of $27.07 billion, a price-to-earnings ratio of 99.98, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32.

Institutional Investors Weigh In On ON

A number of institutional investors and hedge funds have recently made changes to their positions in ONON. Capital Advisors Inc. OK increased its holdings in ON by 3.2% in the 4th quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company’s stock valued at $350,000 after purchasing an additional 200 shares during the last quarter. Keystone Investors PTE Ltd. boosted its position in shares of ON by 0.8% during the fourth quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company’s stock worth $1,639,000 after buying an additional 228 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of ON by 2.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company’s stock valued at $516,000 after buying an additional 259 shares in the last quarter. Sage Capital Advisors llc raised its holdings in shares of ON by 0.3% in the 1st quarter. Sage Capital Advisors llc now owns 100,329 shares of the company’s stock valued at $4,406,000 after buying an additional 269 shares during the period. Finally, CreativeOne Wealth LLC lifted its stake in ON by 2.4% during the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company’s stock worth $743,000 after acquiring an additional 323 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

ON Company Profile

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On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.

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