Onex (TSE:ONEX) Trading 1.8% Higher – What’s Next?

Onex Co. (TSE:ONEX) shares were up 1.8% on Monday . The stock traded as high as C$117.91 and last traded at C$116.08. Approximately 123,395 shares changed hands during mid-day trading, an increase of 58% from the average daily volume of 78,016 shares. The stock had previously closed at C$113.99.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Securities dropped their price target on shares of Onex from C$165.00 to C$160.00 in a research note on Monday, November 10th. Scotiabank increased their target price on Onex from C$153.00 to C$175.00 in a research report on Friday, October 31st. Finally, Royal Bank Of Canada cut their price target on Onex from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$151.00.

Onex Trading Up 1.8%

The firm’s 50 day moving average is C$112.35 and its 200 day moving average is C$114.97. 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 has a market cap of C$7.96 billion, a PE ratio of 18.54, a PEG ratio of 1.47 and a beta of 1.05.

Onex (TSE:ONEX) last announced its quarterly earnings results on Friday, November 7th. The company reported C$1.38 EPS for the quarter. The firm had revenue of C$179.62 million during the quarter. Onex had a net margin of 68.42% and a return on equity of 7.89%. On average, equities analysts anticipate that Onex Co. will post 0.4443794 earnings per share for the current 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. 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.