KeyCorp Issues Positive Forecast for ON (NYSE:ONON) Stock Price

ON (NYSE:ONON) had its price objective upped by KeyCorp from $60.00 to $68.00 in a report issued on Wednesday morning, MarketBeat reports. They currently have an overweight rating on the stock.

Several other research firms have also recently issued reports on ONON. Stifel Nicolaus decreased their price objective on shares of ON from $66.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Hsbc Global Res raised shares of ON from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Needham & Company LLC boosted their price target on shares of ON from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group cut shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group started coverage on shares of ON in a research report on Tuesday, April 1st. They issued a “hold” rating and a $44.00 price target for the company. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ON presently has an average rating of “Buy” and a consensus price target of $61.73.

ON Stock Down 0.0%

NYSE:ONON opened at $57.36 on Wednesday. The company has a fifty day simple moving average of $45.55 and a two-hundred day simple moving average of $51.56. The company has a market cap of $36.12 billion, a price-to-earnings ratio of 133.40, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. ON has a 52 week low of $34.59 and a 52 week high of $64.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in shares of ON during the fourth quarter worth about $32,000. TCTC Holdings LLC increased its stake in shares of ON by 118.4% during the first quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock worth $26,000 after acquiring an additional 315 shares during the period. Montag A & Associates Inc. acquired a new position in shares of ON during the first quarter worth about $26,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of ON during the first quarter worth about $32,000. Finally, Legacy Bridge LLC acquired a new position in shares of ON during the fourth quarter worth about $43,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Company Profile

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