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

Key Points

• BMO Capital Markets set a C$160.00 price target on Onex and maintained an “outperform” rating, implying approximately 52.09% upside from the reported C$105.20 share price.
• Analyst sentiment is broadly positive: four analysts rate Onex a Buy and two rate it Hold, producing a “Moderate Buy” consensus rating and an average price target of C$154.67.
• Onex reported quarterly earnings of C$2.43 per share on C$287.0 million in revenue; its shares remain below the 52-week high of C$131.38.

Onex (TSE:ONEX - Get Free Report) received a C$160.00 target price from research analysts at BMO Capital Markets in a research report issued on Thursday, BayStreet reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price objective indicates a potential upside of 52.09% from the company's current price.

A number of other equities research analysts have also recently weighed in on ONEX. Royal Bank Of Canada lifted their price objective 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. TD decreased their target price 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. Four 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 company has an average rating of "Moderate Buy" and a consensus price target of C$154.67.

Onex Stock Performance

ONEX stock traded up C$3.16 on Thursday, reaching C$105.20. The company's stock had a trading volume of 96,468 shares, compared to its average volume of 115,192. Onex has a 52 week low of C$95.15 and a 52 week high of C$131.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 2.41. The company has a market capitalization of C$8.03 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.77. The firm has a fifty day moving average of C$110.82 and a two-hundred day moving average of C$108.81.

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. As a group, analysts predict that Onex will post 0.4443794 EPS 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.

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