Onex (TSE:ONEX) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Onex (TSE:ONEX) had its target price lifted by equities researchers at Royal Bank Of Canada from C$133.00 to C$136.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 18.35% from the stock’s current price.

Onex Stock Performance

Onex stock traded down C$1.51 during mid-day trading on Monday, reaching C$114.91. 45,586 shares of the company were exchanged, compared to its average volume of 117,078. Onex has a twelve month low of C$87.60 and a twelve month high of C$131.38. The firm’s 50-day simple moving average is C$103.46 and its two-hundred day simple moving average is C$110.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.41 and a current ratio of 357.45. The firm has a market cap of C$8.77 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.47 and a beta of 0.65.

Onex (TSE:ONEX) last posted its quarterly earnings results on Friday, February 20th. The company reported C$3.49 EPS for the quarter. The business had revenue of C$307.97 million during the quarter. Onex had a return on equity of 7.20% and a net margin of 83.17%. Equities analysts predict that Onex will post 0.4443794 earnings per share for the current fiscal 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.