Onex Co. (TSE:ONEX) Stock Has Consensus Price Target of C$151.00

Key Points

• Onex has a “Moderate Buy” consensus from six analysts, split evenly between three buy ratings and three holds. The average 12-month price target is C$151.00, above the stock’s reported opening price of C$104.85.
• Analyst targets are mixed: BMO Capital Markets set a C$160 outperform target, while TD maintained a buy rating with a C$163 target; RBC-related analysts issued sector-perform ratings with targets ranging from C$129 to C$135.
• Onex reported quarterly EPS of C$2.43 on revenue of C$287 million. The company has a C$8.00 billion market capitalization, a 0.29 debt-to-equity ratio, and a 52-week trading range of C$95.15 to C$131.38.

Onex Co. (TSE:ONEX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$151.00.

Several brokerages have issued reports on ONEX. Royal Bank Of Canada lifted their price target 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. BMO Capital Markets set a C$160.00 price objective on shares of Onex and gave the stock an "outperform" rating in a research note on Thursday, October 1st. TD reduced their price objective on shares of Onex from C$165.00 to C$163.00 and set a "buy" rating for the company in a research note on Friday, August 14th. Finally, RBC Dominion Securities decreased their price objective on Onex from C$135.00 to C$129.00 and set a "sector perform" rating for the company in a report on Thursday, October 15th.

Onex Price Performance

TSE:ONEX opened at C$104.85 on Monday. 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 PE ratio of 15.60, a PEG ratio of 1.47 and a beta of 0.84. Onex has a 52-week low of C$95.15 and a 52-week high of C$131.38. The stock has a 50-day simple moving average of C$108.20 and a 200 day simple moving average of C$109.19.

Onex (TSE:ONEX - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$2.43 earnings per share (EPS) for the quarter. Onex had a return on equity of 5.25% and a net margin of 101.81%. The business had revenue of C$287.00 million for the quarter. On average, sell-side analysts expect that Onex will post 0.44 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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