Onex (TSE:ONEX) Given New C$135.00 Price Target at Royal Bank Of Canada

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

Separately, Canadian Imperial Bank of Commerce set a C$135.00 price target on shares of Onex and gave the stock a “neutral” rating in a research note on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$153.60.

Onex Price Performance

Shares of TSE ONEX traded down C$2.81 during midday trading on Friday, reaching C$115.20. 62,171 shares of the company traded hands, compared to its average volume of 112,842. Onex has a 52 week low of C$95.15 and a 52 week high of C$131.38. The stock has a 50-day moving average price of C$108.79 and a 200 day moving average price of C$107.75. The company has a market cap of C$8.79 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.47 and a beta of 0.71.

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