Onex (TSE:ONEX) Stock Price Up 1.7% – Still a Buy?

Onex Co. (TSE:ONEX)’s share price shot up 1.7% during trading on Tuesday . The stock traded as high as C$110.48 and last traded at C$109.90. 73,959 shares were traded during mid-day trading, a decline of 35% from the average session volume of 114,156 shares. The stock had previously closed at C$108.05.

Analysts Set New Price Targets

ONEX has been the subject of several recent research reports. Canadian Imperial Bank of Commerce set a C$135.00 target price on shares of Onex and gave the company a “neutral” rating in a report on Monday, April 27th. Royal Bank Of Canada lowered their price target on shares of Onex from C$136.00 to C$130.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Onex presently has an average rating of “Moderate Buy” and a consensus target price of C$150.00.

Onex Stock Down 0.0%

The business’s 50-day simple moving average is C$109.95 and its two-hundred day simple moving average is C$109.16. The firm has a market cap of C$8.20 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 1.47 and a beta of 0.80.

Onex (TSE:ONEX) last issued its quarterly earnings data on Friday, May 15th. The company reported C$2.28 earnings per share for the quarter. The business had revenue of C$259.99 million during the quarter. Onex had a net margin of 96.42% and a return on equity of 6.52%. On average, analysts expect that Onex Co. will post 0.4443794 earnings per share for the current 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.