Onex Co. (TSE:ONEX) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Onex Co. (TSE:ONEX – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$154.67.

Several equities analysts have recently issued reports on ONEX shares. Royal Bank Of Canada boosted their price objective on Onex from C$130.00 to C$135.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. TD decreased their price objective on Onex from C$165.00 to C$163.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Finally, BMO Capital Markets set a C$160.00 price target on Onex and gave the company an “outperform” rating in a report on Thursday.

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Onex Stock Up 2.7%

ONEX stock traded up C$2.78 during trading on Thursday, reaching C$104.82. 132,792 shares of the company traded hands, compared to its average volume of 115,362. Onex has a 12 month low of C$95.15 and a 12 month high of C$131.38. The business has a 50 day simple moving average of C$110.82 and a 200 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 company has a market capitalization of C$8.00 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 1.47 and a beta of 0.77.

Onex (TSE:ONEX – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$2.43 earnings per share for the quarter. Onex had a return on equity of 5.25% and a net margin of 101.81%.The firm had revenue of C$287.00 million for the quarter. On average, equities research analysts anticipate that Onex will post 0.4443794 earnings per share for the current fiscal year.

Onex Company Profile

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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.

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