TD Securities Boosts Onex (TSE:ONEX) Price Target to C$140.00

Onex (TSE:ONEX) had its price objective lifted by TD Securities from C$134.00 to C$140.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 31.20% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Scotiabank dropped their price objective on shares of Onex from C$145.00 to C$130.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. CIBC cut their price target on shares of 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 Stock Performance

Shares of TSE:ONEX traded up C$3.49 during trading on Monday, reaching C$106.71. The stock had a trading volume of 71,837 shares, compared to its average volume of 144,298. The firm has a market capitalization of C$5.35 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.47 and a beta of 1.53. The stock has a fifty day simple moving average of C$96.14 and a two-hundred day simple moving average of C$105.26. Onex has a 52 week low of C$85.36 and a 52 week high of C$118.91. The company has a quick ratio of 2.41, a current ratio of 17.51 and a debt-to-equity ratio of 49.85.

Onex (TSE:ONEX) last announced its quarterly earnings results on Friday, May 9th. The company reported C$2.36 earnings per share (EPS) for the quarter. Onex had a net margin of 68.42% and a return on equity of 7.89%. As a group, analysts anticipate that Onex will post 0.4443794 earnings per share for the current fiscal 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.