Royal Bank Of Canada Issues Pessimistic Forecast for Onex (TSE:ONEX) Stock Price

by · The Cerbat Gem

Onex (TSE:ONEX – Get Free Report) had its price objective decreased by Royal Bank Of Canada from C$141.00 to C$139.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 24.49% from the company’s previous close.

Several other brokerages also recently weighed in on ONEX. TD Securities decreased their target price on Onex from C$165.00 to C$160.00 in a research report on Monday, November 10th. Scotiabank boosted their price target on Onex from C$153.00 to C$175.00 in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Onex currently has an average rating of “Moderate Buy” and a consensus price target of C$151.00.

Get Our Latest Stock Report on ONEX

Onex Trading Down 0.5%

ONEX stock traded down C$0.57 during trading on Monday, reaching C$111.66. 23,661 shares of the stock traded hands, compared to its average volume of 137,241. The business’s 50 day moving average price is C$114.44 and its 200-day moving average price is C$114.24. The firm has a market capitalization of C$7.66 billion, a PE ratio of 17.84, a P/E/G ratio of 1.47 and a beta of 1.11. The company has a debt-to-equity ratio of 49.85, a current ratio of 17.51 and a quick ratio of 2.41. Onex has a 52-week low of C$86.64 and a 52-week high of C$131.38.

Onex (TSE:ONEX – Get Free Report) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.99 earnings per share (EPS) for the quarter. Onex had a net margin of 68.42% and a return on equity of 7.89%. The company had revenue of C$179.62 million during the quarter. As a group, sell-side analysts forecast that Onex will post 0.4443794 earnings per share for the current year.

Onex Company Profile

(Get Free Report)

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.

Read More