Onex (TSE:ONEX) Given New C$129.00 Price Target at RBC Dominion Securities

Onex (TSE:ONEX) had its target price reduced by analysts at RBC Dominion Securities from C$135.00 to C$129.00 in a research report issued on Thursday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. RBC Dominion Securities’ price objective indicates a potential upside of 26.96% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada increased their price target on Onex from C$130.00 to C$135.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. BMO Capital Markets set a C$160.00 target price on shares of Onex and gave the company an “outperform” rating in a research report on Thursday, October 1st. Finally, TD decreased their target price on Onex from C$165.00 to C$163.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$151.00.

Onex Trading Up 1.1%

Shares of Onex stock traded up C$1.11 on Thursday, hitting C$101.61. 128,415 shares of the company’s stock traded hands, compared to its average volume of 116,599. The company has a fifty day moving average of C$109.84 and a two-hundred day moving average of C$109.17. Onex has a one year low of C$95.15 and a one year high of C$131.38. The company has a market capitalization of C$7.75 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 2.41.

Onex (TSE:ONEX) last issued its earnings results on Thursday, August 13th. The company reported C$2.43 earnings per share for the quarter. The business had revenue of C$287.00 million during the quarter. Onex had a return on equity of 5.25% and a net margin of 101.81%. As a group, sell-side analysts expect that Onex will post 0.44 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.