Onex (TSE:ONEX) Given New C$75.00 Price Target at CIBC

Onex (TSE:ONEXGet Rating) had its price target lowered by CIBC from C$80.00 to C$75.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Several other brokerages also recently issued reports on ONEX. Royal Bank of Canada downgraded shares of Onex from an outperform rating to a sector perform rating and lowered their price objective for the stock from C$103.00 to C$83.00 in a research report on Thursday, January 5th. TD Securities raised their target price on shares of Onex from C$100.00 to C$105.00 and gave the company a buy rating in a research report on Monday, November 14th. Finally, Scotiabank decreased their target price on shares of Onex from C$105.00 to C$95.00 in a research report on Monday, November 14th.

Onex Trading Up 1.5 %

ONEX opened at C$69.13 on Tuesday. The firm’s fifty day moving average is C$66.78 and its two-hundred day moving average is C$66.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.41 and a current ratio of 2.66. Onex has a twelve month low of C$61.33 and a twelve month high of C$93.58. The firm has a market cap of C$5.67 billion and a PE ratio of 314.23.

Onex Company Profile

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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.

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