Onex (TSE:ONEX) Receives New C$75.00 Price Target at CIBC



Onex (TSE:ONEX – Get an assessment) had its price target lowered by CIBC from CA$90.00 to CA$75.00 in a research report released on Saturday, BayStreet.CA reports.

Other stock analysts have also recently released reports on the company. Royal Bank of Canada raised its price target on Onex from CA$108.00 to CA$110.00 and gave the stock an outperform rating in a Monday, May 16 report. TD Securities raised its price target on Onex from C$110.00 to C$115.00 and gave the stock a buy rating in a Monday, May 16 research note. Scotiabank reduced its price target on Onex from CA$121.00 to CA$118.00 in a Monday, February 28 research note. Finally, Canaccord Genuity Group reduced its price target on Onex from CA$110.00 to CA$104.00 in a Monday, May 16 research note.

Onex shares opened at C$65.70 on Friday. Onex has a 1-year low of C$64.29 and a 1-year high of C$101.61. The stock’s 50-day moving average is C$73.45 and its 200-day moving average is C$83.98. The stock has a market capitalization of C$5.64 billion and a P/E ratio of 3.87. The company has a debt ratio of 0.79, a quick ratio of 1.66 and a current ratio of 1.91.

About Onex (Get a rating)

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm invests in buyouts, large and mid caps, large caps, mid caps and small caps and distressed companies. It also invests in recapitalization, growth capital, business spin-offs of mission-critical subsidiaries and supply divisions of multinational corporations, operational restructurings of undervalued businesses and constructions.

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