Onex (TSE:ONEX) Price Target Raised to C$135.00

Onex (TSE:ONEX) had its price target increased by investment analysts at Royal Bank Of Canada from C$130.00 to C$135.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 17.19% from the stock’s previous close.

Separately, Canadian Imperial Bank of Commerce set a C$135.00 target price on Onex and gave the company a “neutral” rating in a report on Monday, April 27th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$153.60.

Onex Stock Performance

Shares of TSE ONEX traded down C$2.81 during trading on Friday, hitting C$115.20. The company had a trading volume of 62,171 shares, compared to its average volume of 112,842. The company has a market cap of C$8.79 billion, a P/E ratio of 13.91, a PEG ratio of 1.47 and a beta of 0.71. Onex has a 52 week low of C$95.15 and a 52 week high of C$131.38. The business’s 50-day moving average is C$108.79 and its 200 day moving average is C$107.75.

Onex (TSE:ONEX) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$2.43 EPS for the quarter. The company had revenue of C$287.00 million during the quarter. Onex had a return on equity of 6.52% and a net margin of 96.42%. On average, research analysts expect that Onex will post 0.4443794 EPS for the current 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.