Onex (TSE:ONEX) Given a C$135.00 Price Target at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce set a C$135.00 target price on Onex (TSE:ONEX) in a report released on Monday,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Separately, Royal Bank Of Canada increased their price objective on Onex from C$133.00 to C$136.00 and gave the stock a “sector perform” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$151.50.

Onex Trading Down 3.4%

TSE:ONEX opened at C$112.73 on Monday. The stock has a fifty day moving average price of C$104.56 and a two-hundred day moving average price of C$110.20. The stock has a market capitalization of C$8.60 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.47 and a beta of 0.65. 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 has a 1 year low of C$94.59 and a 1 year high of C$131.38.

Onex (TSE:ONEX) last released its quarterly earnings data on Friday, February 20th. The company reported C$3.49 earnings per share (EPS) for the quarter. The firm 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%. As a group, sell-side analysts anticipate 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.