Onex (TSE:ONEX) Stock Price Up 0.6% – Time to Buy?

Onex Co. (TSE:ONEX)’s stock price rose 0.6% during trading on Monday . The company traded as high as C$116.74 and last traded at C$116.20. Approximately 58,599 shares changed hands during trading, a decline of 23% from the average daily volume of 76,289 shares. The stock had previously closed at C$115.55.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ONEX shares. Royal Bank Of Canada dropped their price target on Onex from C$141.00 to C$139.00 and set a “sector perform” rating on the stock in a research report on Monday, December 15th. Scotiabank boosted their target price on shares of Onex from C$153.00 to C$175.00 in a research note on Friday, October 31st. Finally, TD Securities reduced their price target on shares of Onex from C$165.00 to C$160.00 in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Onex has a consensus rating of “Moderate Buy” and a consensus price target of C$151.00.

Onex Stock Performance

The company has a debt-to-equity ratio of 49.85, a quick ratio of 2.41 and a current ratio of 17.51. The stock has a 50 day moving average of C$112.74 and a 200 day moving average of C$115.48. The stock has a market capitalization of C$8.19 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.47 and a beta of 1.05.

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