Canaccord Genuity Group Cuts Onex (OTCMKTS:ONEXF) Price Target to C$104.00

Onex (OTCMKTS:ONEXFGet Rating) had its price target lowered by equities researchers at Canaccord Genuity Group from C$110.00 to C$104.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm currently has a “buy” rating on the stock.

A number of other research analysts have also weighed in on the company. Scotiabank decreased their price objective on Onex from C$121.00 to C$118.00 in a report on Monday, February 28th. Royal Bank of Canada raised their price objective on shares of Onex from C$108.00 to C$110.00 in a research report on Monday. Finally, TD Securities boosted their target price on shares of Onex from C$110.00 to C$115.00 in a report on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $110.83.

OTCMKTS:ONEXF traded up $3.72 during midday trading on Monday, hitting $57.52. The company’s stock had a trading volume of 20,900 shares, compared to its average volume of 5,915. Onex has a fifty-two week low of $53.80 and a fifty-two week high of $79.83. The firm’s 50 day moving average is $63.60 and its 200-day moving average is $70.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 16.27 and a quick ratio of 16.27. The firm has a market cap of $5.05 billion, a P/E ratio of 4.41 and a beta of 1.51.

Onex (OTCMKTS:ONEXFGet Rating) last released its quarterly earnings results on Friday, February 25th. The company reported $2.45 earnings per share (EPS) for the quarter. The firm had revenue of $417.00 million for the quarter. Onex had a net margin of 68.81% and a return on equity of 17.54%.

About Onex (Get Rating)

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.

Read More

The Fly logo

Receive News & Ratings for Onex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Onex and related companies with MarketBeat.com's FREE daily email newsletter.