Onex (TSE:ONEX) Given New C$163.00 Price Target at TD

Onex (TSE:ONEX) had its price target cut by TD from C$165.00 to C$163.00 in a research report released on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce set a C$135.00 price objective on Onex and gave the stock a “neutral” rating in a research report on Monday, April 27th. Royal Bank Of Canada boosted their price target on Onex from C$130.00 to C$135.00 and gave the company a “sector perform” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$153.60.

Onex Price Performance

TSE:ONEX opened at C$115.51 on Friday. The firm has a market cap of C$8.80 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. The firm’s fifty day moving average price is C$108.92 and its 200 day moving average price is C$107.80. Onex has a 1-year low of C$95.15 and a 1-year high of C$131.38.

Onex (TSE:ONEX) last issued its earnings results on Thursday, August 13th. The company reported C$2.43 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$287.00 million for the quarter. As a group, analysts expect that Onex will post 0.4443794 earnings per share 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.