Onex (TSE:ONEX) Stock Price Down 1.4% – Here’s Why
by Mitch Edgeman · The Markets DailyOnex Co. (TSE:ONEX – Get Free Report) fell 1.4% during mid-day trading on Tuesday . The company 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.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada decreased their price objective on shares of Onex from C$139.00 to C$133.00 and set a “sector perform” rating for the company in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$149.50.
Check Out Our Latest Analysis on ONEX
Onex Price Performance
The stock has a market cap of C$7.20 billion, a PE ratio of 11.80, a P/E/G ratio of 1.47 and a beta of 0.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 357.45 and a quick ratio of 2.41. The firm’s 50 day moving average price is C$103.35 and its two-hundred day moving average price is C$111.11.
Onex (TSE:ONEX – Get Free Report) last posted its earnings results on Friday, February 20th. The company reported C$3.49 earnings per share for the quarter. The firm 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%. On average, research analysts expect that Onex Co. will post 0.4443794 earnings per share for the current 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.