TD Securities Lowers Onex (TSE:ONEX) Price Target to C$112.00

Onex (TSE:ONEX) had its price objective lowered by stock analysts at TD Securities from C$115.00 to C$112.00 in a note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 13.74% from the company’s current price.

Several other analysts have also commented on the stock. Royal Bank of Canada raised their price objective on shares of Onex from C$115.00 to C$119.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Scotiabank raised their price objective on shares of Onex from C$125.00 to C$129.00 and gave the stock an “outperform” rating in a report on Monday, February 26th.

Onex Stock Performance

Onex stock opened at C$98.47 on Thursday. The company has a current ratio of 2.96, a quick ratio of 2.41 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average of C$100.07 and a 200-day moving average of C$93.93. The firm has a market cap of C$7.61 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.47 and a beta of 1.57. Onex has a 1-year low of C$58.71 and a 1-year high of C$107.28.

Onex Company Profile

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.