Onex (TSE:ONEX) Price Target Raised to C$136.00 at Royal Bank Of Canada

Onex (TSE:ONEX) had its price target boosted by Royal Bank Of Canada from C$133.00 to C$136.00 in a research report report published on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Onex Stock Down 0.9%

Onex stock opened at C$115.34 on Monday. Onex has a fifty-two week low of C$87.60 and a fifty-two week high of C$131.38. The firm has a market capitalization of C$8.80 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.47 and a beta of 0.65. The stock’s fifty day moving average is C$103.64 and its two-hundred day moving average is C$110.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.41 and a current ratio of 357.45.

Onex (TSE:ONEX) last released its quarterly earnings results on Friday, February 20th. The company reported C$3.49 earnings per share (EPS) for the quarter. The business had revenue of C$307.97 million during the quarter. Onex had a return on equity of 7.20% and a net margin of 83.17%. Analysts predict that Onex will post 0.4443794 EPS for the current fiscal year.

About Onex

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.