Onex Co. (TSE:ONEX) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate Onex “Moderate Buy”: Four of six analysts recommend buying the stock, while two maintain hold ratings. The average 12-month price target is C$154.67, well above the recent C$104.82 price.
• Recent analyst actions were generally positive: BMO Capital Markets assigned a C$160 target and “outperform” rating, while TD maintained “buy” despite lowering its target to C$163; RBC raised its target to C$135 but kept a “sector perform” rating.
• Onex shares rose 2.7% to C$104.82 in midday trading. The company recently reported quarterly EPS of C$2.43 on C$287 million in revenue.

Shares of Onex Co. (TSE:ONEX - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$154.67.

ONEX has been the subject of a number of research reports. BMO Capital Markets set a C$160.00 price objective on shares of Onex and gave the company an "outperform" rating in a research note on Thursday. TD reduced 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 report on Friday, August 14th. Finally, Royal Bank Of Canada boosted their price target on shares of Onex from C$130.00 to C$135.00 and gave the stock a "sector perform" rating in a research note on Friday, August 14th.

Onex Stock Up 2.7%

ONEX traded up C$2.78 during midday trading on Thursday, reaching C$104.82. 132,792 shares of the company were exchanged, compared to its average volume of 115,362. 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 cap 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. The company's fifty day moving average price is C$110.82 and its 200 day moving average price is C$108.81. Onex has a one year low of C$95.15 and a one year high of C$131.38.

Onex (TSE:ONEX - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$2.43 EPS for the quarter. Onex had a net margin of 101.81% and a return on equity of 5.25%. The business had revenue of C$287.00 million for the quarter. As a group, analysts expect that Onex will post 0.4443794 EPS for the current year.

About Onex

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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