Onex (TSE:ONEX) Issues Quarterly Earnings Results

Onex (TSE:ONEX) announced its quarterly earnings data on Friday. The company reported C$2.36 earnings per share (EPS) for the quarter, RTT News reports. Onex had a net margin of 68.42% and a return on equity of 7.89%.

Onex Price Performance

Shares of ONEX stock opened at C$103.22 on Friday. The company has a market capitalization of C$5.17 billion, a P/E ratio of 8.20, a P/E/G ratio of 1.47 and a beta of 1.53. The company’s 50-day simple moving average is C$96.14 and its two-hundred day simple moving average is C$105.26. Onex has a one year low of C$85.36 and a one year high of C$118.91. The company has a debt-to-equity ratio of 49.85, a current ratio of 17.51 and a quick ratio of 2.41.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ONEX shares. Scotiabank cut their target price on shares of Onex from C$145.00 to C$130.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. TD Securities reduced their target price on Onex from C$140.00 to C$137.00 in a report on Monday, February 24th. Finally, CIBC decreased their target price on Onex from C$150.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th.

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.