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

Onex (TSE:ONEXGet Rating) had its price objective reduced by CIBC from C$80.00 to C$75.00 in a report released on Tuesday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

ONEX has been the topic of several other reports. TD Securities raised their target price on shares of Onex from C$100.00 to C$105.00 and gave the company a buy rating in a report on Monday, November 14th. Royal Bank of Canada lowered shares of Onex from an outperform rating to a sector perform rating and decreased their target price for the company from C$103.00 to C$83.00 in a report on Thursday, January 5th. Finally, Scotiabank decreased their target price on shares of Onex from C$105.00 to C$95.00 in a report on Monday, November 14th.

Onex Price Performance

Shares of Onex stock opened at C$69.13 on Tuesday. Onex has a twelve month low of C$61.33 and a twelve month high of C$93.58. The company has a quick ratio of 2.41, a current ratio of 2.66 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of C$66.78 and a two-hundred day simple moving average of C$66.82. The stock has a market capitalization of C$5.67 billion and a price-to-earnings ratio of 314.23.

Onex Company Profile

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Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.

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