Onex Co. (TSE:ONEX) Stock Has Consensus Target Price of C$151.00

Shares of Onex Co. (TSE:ONEX) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$151.00.

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Onex from C$130.00 to C$135.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. BMO Capital Markets set a C$160.00 price target on Onex and gave the stock an “outperform” rating in a report on Thursday, October 1st. TD dropped their price objective on Onex from C$165.00 to C$163.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Finally, RBC Dominion Securities dropped their price objective on Onex from C$135.00 to C$129.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th.

Onex Stock Performance

TSE ONEX opened at C$104.85 on Monday. The firm has a market capitalization of C$8.00 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.47 and a beta of 0.84. The company has a current ratio of 1.82, a quick ratio of 2.41 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is C$108.20 and its two-hundred day moving average price is C$109.19. Onex has a 1 year low of C$95.15 and a 1 year high of C$131.38.

Onex (TSE:ONEX) last announced its quarterly earnings data 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 during the quarter. As a group, research analysts anticipate that Onex will post 0.44 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. 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.