ON (NYSE:ONON) Research Coverage Started at Wells Fargo & Company

Posted by George Bondi on Nov 7th, 2026

Wells Fargo & Company began coverage on shares of ON (NYSE:ONON – Free Report) in a research report report published on Wednesday, MarketBeat reports. The firm issued an overweight rating and a $48.00 price target on the stock.

Other equities analysts have also recently issued research reports about the stock. Bank of America decreased their target price on shares of ON from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, September 17th. UBS Group restated a “buy” rating on shares of ON in a research report on Wednesday, September 23rd. Truist Financial reduced their price objective on ON from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Cantor Fitzgerald raised ON to a “buy” rating in a research note on Tuesday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of ON in a report on Thursday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.73.

Read Our Latest Stock Report on ONON

ON Price Performance

ONON traded down $0.17 during midday trading on Wednesday, hitting $37.37. The stock had a trading volume of 7,251,433 shares, compared to its average volume of 9,764,323. ON has a 1 year low of $26.36 and a 1 year high of $51.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.25 and a current ratio of 2.83. The business has a fifty day moving average of $31.50 and a 200 day moving average of $36.51. The company has a market cap of $23.85 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 0.70 and a beta of 2.05.

ON (NYSE:ONON – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.09 billion. ON had a return on equity of 22.92% and a net margin of 12.09%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share. As a group, equities analysts forecast that ON will post 1.50 earnings per share for the current fiscal year.

Insider Activity at ON

In other news, CEO Caspar Coppetti purchased 65,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average cost of $30.67 per share, for a total transaction of $1,993,550.00. Following the acquisition, the chief executive officer directly owned 2,440,855 shares of the company’s stock, valued at $74,861,022.85. This represents a 2.74% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Olivier Bernhard purchased 65,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $30.67 per share, with a total value of $1,993,550.00. Following the transaction, the insider directly owned 5,228,184 shares in the company, valued at $160,348,403.28. This trade represents a 1.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 68.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ON

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of ON by 2.3% during the second quarter. Wellington Management Group LLP now owns 2,751,615 shares of the company’s stock valued at $97,462,000 after acquiring an additional 62,404 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of ON by 116.8% during the third quarter. Pictet Asset Management Holding SA now owns 1,741,829 shares of the company’s stock worth $51,571,000 after purchasing an additional 938,285 shares during the period. Bessemer Group Inc. grew its stake in shares of ON by 5.7% in the first quarter. Bessemer Group Inc. now owns 1,194,774 shares of the company’s stock worth $40,647,000 after purchasing an additional 63,932 shares during the last quarter. Eurizon Capital SGR S.p.A. grew its stake in shares of ON by 159.9% in the third quarter. Eurizon Capital SGR S.p.A. now owns 931,031 shares of the company’s stock worth $27,568,000 after purchasing an additional 572,854 shares during the last quarter. Finally, Arnhold LLC grew its stake in shares of ON by 19.0% in the third quarter. Arnhold LLC now owns 465,100 shares of the company’s stock worth $13,772,000 after purchasing an additional 74,200 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

ON Company Profile

(Get Free Report)

On Holding AG, commonly known as On, is a Swiss sportswear company that develops and sells performance footwear, apparel and accessories. The company serves athletes and everyday consumers with products designed for running, training, outdoor activities and lifestyle use.

On is best known for its running shoes, which incorporate proprietary technologies such as CloudTec cushioning and the Speedboard propulsion system. Its product portfolio also includes athletic clothing, outerwear and accessories.