Onex (TSE:ONEX) Price Target Lowered to C$133.00 at Royal Bank Of Canada

Onex (TSE:ONEX) had its target price lowered by Royal Bank Of Canada from C$139.00 to C$133.00 in a research report report published on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other brokerages have also recently issued reports on ONEX. Scotiabank lifted their price target on shares of Onex from C$153.00 to C$175.00 in a research report on Friday, October 31st. TD Securities decreased their target price on shares of Onex from C$165.00 to C$160.00 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$149.50.

Onex Trading Down 1.8%

TSE ONEX opened at C$103.12 on Monday. The firm has a market capitalization of C$7.07 billion, a PE ratio of 16.47, a P/E/G ratio of 1.47 and a beta of 1.07. The stock’s 50 day moving average is C$111.97 and its 200 day moving average is C$114.87. Onex has a twelve month low of C$86.64 and a twelve month high of C$131.38. The company has a quick ratio of 2.41, a current ratio of 17.51 and a debt-to-equity ratio of 49.85.

Onex (TSE:ONEX) last posted its quarterly earnings data on Friday, February 20th. The company reported C$3.49 earnings per share (EPS) for the quarter. Onex had a return on equity of 7.89% and a net margin of 68.42%.The business had revenue of C$307.97 million during the quarter. Research analysts forecast that Onex will post 0.4443794 earnings per share for the current fiscal year.

Onex Company Profile

Onex Corporation is a private equity investor and asset management firm. The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices. Investing revenue primarily comes from net gains on corporate investments and CLOs (collateralized loan investments). Asset and wealth management revenue comes primarily from management and performance fees.