CIBC Has Lowered Expectations for Onex (TSE:ONEX) Stock Price

Onex (TSE:ONEX - Get Free Report) had its price objective reduced by research analysts at CIBC from C$150.00 to C$130.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's price target points to a potential upside of 31.79% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the company. TD Securities cut their target price on Onex from C$140.00 to C$137.00 in a research note on Monday, February 24th. Scotiabank lowered their price target on Onex from C$145.00 to C$130.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th.

Onex Stock Up 1.1 %

Shares of ONEX stock traded up C$1.03 during mid-day trading on Monday, reaching C$98.64. 15,475 shares of the company were exchanged, compared to its average volume of 142,647. The business's 50 day simple moving average is C$96.72 and its 200 day simple moving average is C$105.17. The company has a market capitalization of C$4.94 billion, a P/E ratio of 7.84, a P/E/G ratio of 1.47 and a beta of 1.53. Onex has a fifty-two week low of C$85.36 and a fifty-two week high of C$118.91. The company has a debt-to-equity ratio of 49.85, a quick ratio of 2.41 and a current ratio of 17.51.

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.