BMO Capital Markets Reiterates C$160.00 Price Target for Onex (TSE:ONEX)

BMO Capital Markets set a C$160.00 target price on Onex (TSE:ONEX) in a research report sent to investors on Thursday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on ONEX. Royal Bank Of Canada increased their target price on Onex from C$130.00 to C$135.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. TD reduced their price objective on shares of 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$154.67.

Onex Trading Down 0.0%

Onex stock opened at C$105.08 on Thursday. The firm has a market cap of C$8.02 billion, a PE ratio of 15.64, a P/E/G ratio of 1.47 and a beta of 0.77. Onex has a 12 month low of C$95.15 and a 12 month high of C$131.38. The stock’s 50 day simple moving average is C$110.82 and its two-hundred day simple moving average is C$108.85. The company has a current ratio of 1.82, a quick ratio of 2.41 and a debt-to-equity ratio of 0.29.

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

About Onex

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.