Onex (TSE:ONEX) Stock Price Up 1.7% – Still a Buy?

Onex Co. (TSE:ONEX) shares rose 1.7% during mid-day trading on Tuesday . The company traded as high as C$110.48 and last traded at C$109.90. Approximately 73,959 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 114,156 shares. The stock had previously closed at C$108.05.

Analysts Set New Price Targets

ONEX has been the subject of a number of analyst reports. Royal Bank Of Canada dropped their price objective on shares of Onex from C$136.00 to C$130.00 and set a “sector perform” rating for the company in a report on Tuesday, May 19th. Canadian Imperial Bank of Commerce set a C$135.00 target price on shares of Onex and gave the company a “neutral” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Onex presently has an average rating of “Moderate Buy” and an average price target of C$150.00.

Onex Stock Up 1.7%

The stock’s 50-day simple moving average is C$109.64 and its 200 day simple moving average is C$109.14. The company has a market cap of C$8.38 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.47 and a beta of 0.80.

Onex (TSE:ONEX) last posted its earnings results on Friday, May 15th. The company reported C$2.28 EPS for the quarter. Onex had a net margin of 96.42% and a return on equity of 6.52%. The company had revenue of C$259.99 million for the quarter. On average, sell-side analysts expect that Onex Co. will post 0.4443794 EPS 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.