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

Onex (TSE:ONEX) had its price target lowered by investment analysts at Royal Bank Of Canada from C$141.00 to C$139.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 24.49% from the company’s current price.

Several other research firms also recently weighed in on ONEX. TD Securities decreased their price objective on Onex from C$165.00 to C$160.00 in a report on Monday, November 10th. Scotiabank upped their price objective on Onex from C$153.00 to C$175.00 in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Onex presently has an average rating of “Moderate Buy” and a consensus target price of C$151.00.

Onex Stock Performance

TSE ONEX traded down C$0.57 during trading hours on Monday, hitting C$111.66. The company had a trading volume of 23,661 shares, compared to its average volume of 137,241. The business has a 50 day moving average of C$114.44 and a 200-day moving average of C$114.24. The company has a market cap of C$7.66 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.47 and a beta of 1.11. Onex has a 1-year low of C$86.64 and a 1-year high of C$131.38. The company has a debt-to-equity ratio of 49.85, a quick ratio of 2.41 and a current ratio of 17.51.

Onex (TSE:ONEX) last posted its earnings results on Friday, November 7th. The company reported C$0.99 earnings per share for the quarter. The business had revenue of C$179.62 million during the quarter. Onex had a return on equity of 7.89% and a net margin of 68.42%. As a group, equities research analysts expect that Onex will post 0.4443794 EPS 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.