Onex (TSE:ONEX) Price Target Raised to C$135.00 at Royal Bank Of Canada

Onex (TSE:ONEX) had its price target boosted by Royal Bank Of Canada from C$130.00 to C$135.00 in a research note released on Friday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Separately, Canadian Imperial Bank of Commerce set a C$135.00 price objective on shares of Onex and gave the stock a “neutral” rating in a report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$153.60.

Onex Stock Down 2.1%

Onex stock opened at C$115.51 on Friday. The firm has a 50 day moving average price of C$108.92 and a 200-day moving average price of C$107.80. Onex has a twelve month low of C$95.15 and a twelve month high of C$131.38. The company has a market capitalization of C$8.80 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.47 and a beta of 0.71.

Onex (TSE:ONEX) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$2.43 EPS for the quarter. Onex had a return on equity of 6.52% and a net margin of 96.42%.The firm had revenue of C$287.00 million during the quarter. Equities analysts expect that Onex will post 0.4443794 EPS for the current fiscal 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.