Onex (TSE:ONEX) Stock Price Down 1.4% - Here's Why

Key Points

• Onex shares were down 1.4%, trading as low as C$100.95 and last at C$101.65 with volume about 53% below average; RBC cut its price target from C$139 to C$133 and set a "sector perform," while consensus remains a Moderate Buy with a C$149.50 target.
• Onex reported quarterly EPS of C$3.49 on C$307.97 million in revenue, and the company has a market cap of C$6.98 billion with a P/E of 11.45 and a 200-day moving average of C$111.21, reflecting current valuation and recent downward trend.

Onex Co. (TSE:ONEX - Get Free Report)'s share price traded down 1.4% on Tuesday . The stock traded as low as C$100.95 and last traded at C$101.65. 55,695 shares changed hands during trading, a decline of 53% from the average session volume of 118,496 shares. The stock had previously closed at C$103.13.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada cut their price target on shares of Onex from C$139.00 to C$133.00 and set a "sector perform" rating on the stock in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$149.50.

Onex Trading Down 1.4%

The firm has a market cap of C$6.98 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.47 and a beta of 0.65. The business's 50-day moving average is C$103.81 and its two-hundred day moving average is C$111.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 357.45 and a quick ratio of 2.41.

Onex (TSE:ONEX - Get Free Report) last released its earnings results on Friday, February 20th. The company reported C$3.49 earnings per share for the quarter. The business had revenue of C$307.97 million during the quarter. Onex had a net margin of 83.17% and a return on equity of 7.20%. As a group, analysts predict that Onex Co. will post 0.4443794 earnings per share 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.