Fri Sep 20 06:35:23 UTC 2024: ## On Holding AG (ONON) Sees “Moderate Buy” Rating from Analysts
**New York, NY** – On Holding AG (NYSE: ONON), the company behind popular sports apparel and footwear brand On, has been assigned an average rating of “Moderate Buy” by twenty-two equities research analysts, Marketbeat Ratings reports. This rating reflects a positive outlook on the company’s future performance, with eighteen analysts issuing “buy” recommendations and four suggesting a “hold” position.
The average 1-year price target among analysts covering the stock is $46.89, indicating potential upside for investors. Several recent research reports have highlighted ONON’s potential:
* **Sanford C. Bernstein** initiated coverage with an “outperform” rating and a $50.00 price target.
* **Stifel Nicolaus** upgraded their price target from $45.00 to $59.00 and maintained a “buy” rating.
* **Morgan Stanley** raised their price objective from $44.00 to $46.00 and gave the stock an “overweight” rating.
However, not all analysts are bullish. **HSBC Global Res** downgraded ONON to a “hold” rating, while **Piper Sandler** reiterated an “overweight” rating but with a lower price target of $52.00.
ONON’s recent quarterly earnings results, released on August 13th, showed mixed performance. The company reported $0.10 earnings per share (EPS), missing analysts’ estimates by $0.04. While revenue reached $627.66 million, it fell slightly short of the consensus forecast of $634.43 million. Analysts anticipate ONON to post 0.82 EPS for the current year.
Institutional investors have shown interest in ONON. **William Blair Investment Management LLC** acquired a new position in the 1st quarter, while **1832 Asset Management L.P.** and **Price T Rowe Associates Inc. MD** increased their holdings. **Allspring Global Investments Holdings LLC** and **Norges Bank** also bought new stakes in the company. Institutional investors currently own 33.11% of the stock.
On Holding AG develops and distributes sports products globally, offering footwear, apparel, and accessories for running, outdoor activities, and training. They operate through independent retailers, distributors, online channels, and their own stores.
First Piper 