Onex (TSE:ONEX) Price Target Cut to C$81.00 by Analysts at Royal Bank of Canada

Onex (TSE:ONEX – Get Rating) had its price objective reduced by Royal Bank of Canada from C$86.00 to C$81.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts have also recently issued research reports about the company. CIBC cut their target price on Onex from C$80.00 to C$75.00 and set a neutral rating on the stock in a research report on Tuesday, January 24th. Canaccord Genuity Group cut their price objective on Onex from C$89.00 to C$81.00 in a research report on Tuesday. Finally, Scotiabank dropped their price target on Onex from C$95.00 to C$90.00 in a research report on Tuesday.

Onex Trading Down 0.3 %

Shares of ONEX stock opened at C$60.05 on Tuesday. The company has a market cap of C$4.86 billion, a P/E ratio of 16.19, a PEG ratio of 1.47 and a beta of 1.43. The stock has a 50 day simple moving average of C$63.82 and a two-hundred day simple moving average of C$66.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.41 and a current ratio of 2.68. Onex has a fifty-two week low of C$58.71 and a fifty-two week high of C$77.49.

About Onex

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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.