TD Securities Issues Positive Forecast for Onex (TSE:ONEX) Stock Price

Onex (TSE:ONEX) had its target price increased by equities researchers at TD Securities from C$134.00 to C$140.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 31.20% from the company’s previous close.

A number of other analysts also recently issued reports on ONEX. Scotiabank reduced their price objective on Onex from C$145.00 to C$130.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. CIBC dropped their price objective on Onex from C$150.00 to C$130.00 and set an “outperform” rating on the stock in a report on Monday, April 28th.

Onex Price Performance

Shares of TSE:ONEX traded up C$3.49 during trading on Monday, reaching C$106.71. 71,837 shares of the company traded hands, compared to its average volume of 144,298. Onex has a 52 week low of C$85.36 and a 52 week high of C$118.91. The company’s 50 day moving average is C$96.14 and its two-hundred day moving average is C$105.26. The company has a quick ratio of 2.41, a current ratio of 17.51 and a debt-to-equity ratio of 49.85. The firm has a market capitalization of C$5.35 billion, a PE ratio of 8.48, a PEG ratio of 1.47 and a beta of 1.53.

Onex (TSE:ONEX) last announced its quarterly earnings results on Friday, May 9th. The company reported C$2.36 earnings per share for the quarter. Onex had a return on equity of 7.89% and a net margin of 68.42%. As a group, sell-side analysts predict that Onex 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.