Onex (TSE:ONEX) Shares Down 1.7% - Here's What Happened

Key Points

• Onex Co. (TSE:ONEX) shares fell by 1.7% on Monday, with trading volumes down 66% compared to average levels.
• Analysts have varied opinions on Onex, with CIBC lowering its target price from C$150.00 to C$130.00, while TD Securities raised theirs from C$134.00 to C$140.00.
• Onex reported earnings of C$2.36 EPS with a net margin of 68.42% and a current ratio of 17.51 during their last quarterly results.

Onex Co. (TSE:ONEX - Get Free Report) was down 1.7% on Monday . The company traded as low as C$110.07 and last traded at C$110.80. Approximately 56,653 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 167,521 shares. The stock had previously closed at C$112.72.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. CIBC decreased their target price on Onex from C$150.00 to C$130.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. TD Securities boosted their price target on shares of Onex from C$134.00 to C$140.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Finally, Scotiabank lowered their price objective on shares of Onex from C$145.00 to C$130.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th.

Onex Price Performance

The company has a quick ratio of 2.41, a current ratio of 17.51 and a debt-to-equity ratio of 49.85. The firm has a market capitalization of C$5.55 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 1.47 and a beta of 1.53. The company has a fifty day moving average price of C$109.77 and a two-hundred day moving average price of C$104.46.

Onex (TSE:ONEX - Get Free Report) last released its quarterly 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, equities research analysts expect that Onex Co. will post 0.4443794 EPS for the current fiscal 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.

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