Royal Bank Of Canada Cuts Onex (TSE:ONEX) Price Target to C$139.00

Onex (TSE:ONEX) had its price objective decreased by Royal Bank Of Canada from C$141.00 to C$139.00 in a research note published on Monday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other equities analysts have also issued reports about the company. Scotiabank boosted their price target on Onex from C$153.00 to C$175.00 in a research note on Friday, October 31st. TD Securities decreased their price objective on Onex from C$165.00 to C$160.00 in a report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$151.00.

Onex Price Performance

TSE:ONEX opened at C$111.29 on Monday. The company has a debt-to-equity ratio of 49.85, a current ratio of 17.51 and a quick ratio of 2.41. Onex has a one year low of C$86.64 and a one year high of C$131.38. The company has a fifty day moving average price of C$113.85 and a 200 day moving average price of C$114.35. The stock has a market cap of C$7.64 billion, a P/E ratio of 17.78, a PEG ratio of 1.47 and a beta of 1.11.

Onex (TSE:ONEX) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.99 earnings per share (EPS) for the quarter. The company had revenue of C$179.62 million for the quarter. Onex had a net margin of 68.42% and a return on equity of 7.89%. Analysts anticipate 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.