Onex (TSE:ONEX) Given New C$120.00 Price Target at CIBC

Onex (TSE:ONEXFree Report) had its price target raised by CIBC from C$110.00 to C$120.00 in a research report sent to investors on Monday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other research firms have also recently commented on ONEX. Canaccord Genuity Group boosted their target price on Onex from C$81.00 to C$89.00 in a research note on Thursday, July 27th. TD Securities increased their price objective on Onex from C$100.00 to C$105.00 and gave the company a buy rating in a report on Wednesday, October 18th. Finally, Royal Bank of Canada decreased their target price on Onex from C$103.00 to C$102.00 and set a sector perform rating for the company in a research note on Friday, September 29th.

Read Our Latest Stock Analysis on Onex

Onex Stock Performance

Shares of Onex stock opened at C$84.06 on Monday. The business has a 50-day moving average of C$80.56 and a 200 day moving average of C$75.02. Onex has a 12 month low of C$58.71 and a 12 month high of C$86.00. The stock has a market capitalization of C$6.66 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.49 and a quick ratio of 2.41.

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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