Onex Co. (TSE:ONEX) Stock Has Consensus Price Target of C$154.67

Shares of Onex Co. (TSE:ONEX) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$154.67.

ONEX has been the topic of several research reports. TD dropped their target price on Onex from C$165.00 to C$163.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Royal Bank Of Canada upped their target price on shares of Onex from C$130.00 to C$135.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Finally, BMO Capital Markets set a C$160.00 target price on Onex and gave the company an “outperform” rating in a research note on Thursday, October 1st.

Onex Price Performance

Shares of TSE:ONEX opened at C$103.39 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.41 and a current ratio of 1.82. The firm has a market cap of C$7.89 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.47 and a beta of 0.84. The business has a 50-day simple moving average of C$110.56 and a two-hundred day simple moving average of C$109.06. Onex has a fifty-two week low of C$95.15 and a fifty-two week high of C$131.38.

Onex (TSE:ONEX) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$2.43 earnings per share (EPS) for the quarter. Onex had a net margin of 101.81% and a return on equity of 5.25%. The firm had revenue of C$287.00 million for the quarter. On average, analysts expect that Onex will post 0.4443794 earnings per share for the current 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.