UBS Group Has Lowered Expectations for ON (NYSE:ONON) Stock Price

ON (NYSE:ONON) had its price target cut by research analysts at UBS Group from $73.00 to $65.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group‘s price objective would suggest a potential upside of 86.96% from the stock’s previous close.

Several other brokerages have also issued reports on ONON. Capital One Financial set a $28.00 price target on shares of ON in a report on Tuesday, September 8th. KeyCorp increased their price objective on shares of ON from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday. Sanford C. Bernstein restated an “outperform” rating on shares of ON in a research report on Thursday, September 24th. Truist Financial cut their target price on shares of ON from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, Guggenheim set a $42.00 target price on shares of ON in a research note on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.82.

ON Price Performance

ON stock traded up $0.07 during midday trading on Wednesday, reaching $34.77. The company’s stock had a trading volume of 8,270,946 shares, compared to its average volume of 7,405,153. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 0.25. The stock has a market cap of $22.19 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 0.74 and a beta of 2.05. ON has a 52 week low of $26.36 and a 52 week high of $51.08. The business has a 50-day moving average price of $31.79 and a 200-day moving average price of $36.41.

ON (NYSE:ONON) last posted its earnings results on Tuesday, November 10th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.18. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. ON had a net margin of 12.09% and a return on equity of 22.92%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, sell-side analysts predict that ON will post 1.50 EPS for the current year.

Insider Transactions at ON

In other news, CEO Caspar Coppetti purchased 65,000 shares of ON stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $30.67 per share, for a total transaction of $1,993,550.00. Following the completion of the acquisition, the chief executive officer owned 2,440,855 shares in the company, valued at approximately $74,861,022.85. This trade represents a 2.74% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Olivier Bernhard purchased 65,000 shares of ON stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $30.67 per share, for a total transaction of $1,993,550.00. Following the completion of the acquisition, the insider owned 5,228,184 shares of the company’s stock, valued at approximately $160,348,403.28. The trade was a 1.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Investors Weigh In On ON

A number of institutional investors have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA increased its position in ON by 116.8% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,741,829 shares of the company’s stock valued at $51,571,000 after acquiring an additional 938,285 shares during the period. Voya Investment Management LLC lifted its holdings in shares of ON by 220.6% during the third quarter. Voya Investment Management LLC now owns 1,002,302 shares of the company’s stock worth $29,678,000 after purchasing an additional 689,634 shares during the period. Eurizon Capital SGR S.p.A. lifted its holdings in shares of ON by 159.9% during 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 period. OMERS ADMINISTRATION Corp acquired a new position in shares of ON during the first quarter worth $5,694,000. Finally, B.A. Schrock Wealth Management Inc. bought a new stake in shares of ON in the third quarter worth $3,991,000. 36.39% of the stock is owned by institutional investors.

ON News Summary

Investors following ONON have been watching these news items:

• Positive Sentiment: Q3 revenue rose 17.2% to CHF 931.4 million, with direct-to-consumer sales up 25%; earnings also beat estimates. On raised its fiscal 2026 comparable gross-margin outlook to about 66% and expects Q4 growth to accelerate. Q3 results and outlook
• Neutral Sentiment: UBS sees a multiyear growth opportunity but cautions that promotional activity could pressure the business. UBS outlook
• Negative Sentiment: The earnings beat may look less sustainable because Q3 reported gross margin benefited from CHF 52.6 million in U.S. tariff refunds. On left its full-year sales-growth outlook unchanged, while inventory growth and promotional risks add to investor caution. Investor concerns after Q3

About ON

On Holding AG, which trades on the New York Stock Exchange under the symbol ONON, is a Swiss sportswear company that develops and sells performance footwear, apparel and accessories. Its products serve runners and other athletes, as well as consumers seeking athletic-inspired everyday wear. The company is known for its running shoes, which feature its CloudTec cushioning technology. On also offers apparel and equipment for activities including running, training and outdoor sports, selling through wholesale partners and its own retail and online channels.