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

Onex (TSE:ONEX) had its price objective reduced by Royal Bank Of Canada from C$141.00 to C$139.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 23.80% from the stock’s previous close.

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

Onex Price Performance

ONEX stock opened at C$112.28 on Monday. The company has a debt-to-equity ratio of 49.85, a current ratio of 17.51 and a quick ratio of 2.41. The company’s 50-day moving average is C$114.05 and its 200-day moving average is C$114.37. The stock has a market capitalization of C$7.70 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.47 and a beta of 1.11. Onex has a 1 year low of C$86.64 and a 1 year high of C$131.38.

Onex (TSE:ONEX) last issued its earnings results on Friday, November 7th. The company reported C$0.99 EPS for the quarter. The business had revenue of C$179.62 million during the quarter. Onex had a return on equity of 7.89% and a net margin of 68.42%. Equities research analysts expect that Onex will post 0.4443794 EPS 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.