Onex (TSE:ONEX) Price Target Raised to C$140.00

Key Points

• Scotiabank has raised its price target for Onex from C$135.00 to C$140.00, suggesting a potential upside of 24.56% from the current share price.
• Onex reported a net margin of 68.42% and a return on equity of 7.89% in its latest earnings results.
• Other analysts have varied views, with CIBC lowering its target from C$150.00 to C$130.00 while TD Securities increased their target to C$140.00.

Onex (TSE:ONEX - Get Free Report) had its price objective upped by analysts at Scotiabank from C$135.00 to C$140.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's price target would suggest a potential upside of 23.46% from the company's current price.

A number of other equities analysts have also issued reports on ONEX. CIBC dropped their target price on shares of Onex from C$150.00 to C$130.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. TD Securities upped their target price on shares of Onex from C$134.00 to C$140.00 and gave the company a "buy" rating in a research report on Monday, May 12th.

Onex Stock Up 1.6%

ONEX stock traded up C$1.79 during mid-day trading on Friday, hitting C$113.40. 7,011 shares of the company were exchanged, compared to its average volume of 163,622. The firm has a fifty day simple moving average of C$110.72 and a 200 day simple moving average of C$104.44. The company has a current ratio of 17.51, a quick ratio of 2.41 and a debt-to-equity ratio of 49.85. Onex has a twelve month low of C$86.64 and a twelve month high of C$118.91. The company has a market capitalization of C$5.68 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Onex (TSE:ONEX - Get Free Report) last released its earnings results on Friday, May 9th. The company reported C$2.36 EPS for the quarter. Onex had a net margin of 68.42% and a return on equity of 7.89%. On average, research analysts forecast that Onex will post 0.4443794 earnings per share 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.