TD Lowers Onex (TSE:ONEX) Price Target to C$163.00

Onex (TSE:ONEX) had its target price lowered by analysts at TD from C$165.00 to C$163.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 41.49% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce set a C$135.00 target price on shares of Onex and gave the stock a “neutral” rating in a research report on Monday, April 27th. Royal Bank Of Canada raised their price target on Onex from C$130.00 to C$135.00 and gave the company a “sector perform” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Onex presently has a consensus rating of “Moderate Buy” and a consensus target price of C$153.60.

Onex Stock Down 2.4%

ONEX stock traded down C$2.81 during midday trading on Friday, hitting C$115.20. 62,171 shares of the company traded hands, compared to its average volume of 112,842. Onex has a twelve month low of C$95.15 and a twelve month high of C$131.38. The stock has a market capitalization of C$8.79 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. The business has a 50 day simple moving average of C$108.79 and a 200-day simple moving average of C$107.75.

Onex (TSE:ONEX) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$2.43 earnings per share for the quarter. The business had revenue of C$287.00 million during the quarter. Onex had a net margin of 96.42% and a return on equity of 6.52%. Equities research analysts forecast that Onex will post 0.4443794 EPS 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.