Onex (TSE:ONEX) Given a C$160.00 Price Target by BMO Capital Markets Analysts

Onex (TSE:ONEX) has been given a C$160.00 target price by BMO Capital Markets in a report released on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 52.09% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. TD reduced their price target on shares of Onex from C$165.00 to C$163.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Royal Bank Of Canada boosted 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 research note on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Onex has an average rating of “Moderate Buy” and a consensus target price of C$154.67.

Onex Trading Up 3.1%

Shares of TSE:ONEX traded up C$3.16 during midday trading on Thursday, reaching C$105.20. The company had a trading volume of 96,468 shares, compared to its average volume of 115,192. The company has a fifty day simple moving average of C$110.82 and a two-hundred day simple moving average of C$108.81. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.41 and a current ratio of 1.82. The firm has a market cap of C$8.03 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.77. Onex has a 1-year low of C$95.15 and a 1-year high of C$131.38.

Onex (TSE:ONEX) last posted 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. Research analysts predict that Onex 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.