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

Onex (TSE:ONEX) had its price objective trimmed by Royal Bank Of Canada from C$139.00 to C$133.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

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

Onex Stock Up 1.9%

Onex stock opened at C$104.97 on Monday. The company has a debt-to-equity ratio of 49.85, a quick ratio of 2.41 and a current ratio of 17.51. Onex has a twelve month low of C$86.64 and a twelve month high of C$131.38. The firm’s 50 day moving average price is C$111.66 and its two-hundred day moving average price is C$114.73. The firm has a market cap of C$7.20 billion, a PE ratio of 16.77, a P/E/G ratio of 1.47 and a beta of 1.07.

Onex (TSE:ONEX) last issued its earnings results on Friday, February 20th. The company reported C$3.49 EPS for the quarter. Onex had a return on equity of 7.89% and a net margin of 68.42%.The firm had revenue of C$307.97 million for the quarter. On average, research 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.