Onex (TSE:ONEX) Reaches New 52-Week High – What’s Next?

Onex Co. (TSE:ONEX)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$118.91 and last traded at C$118.38, with a volume of 267604 shares. The stock had previously closed at C$111.12.

Analyst Ratings Changes

Several brokerages have recently weighed in on ONEX. TD Securities raised Onex from a “hold” rating to a “buy” rating and raised their target price for the stock from C$111.00 to C$140.00 in a research report on Monday. Royal Bank of Canada boosted their price target on shares of Onex from C$121.00 to C$122.00 in a research report on Friday, August 9th.

Onex Price Performance

The company has a 50 day moving average price of C$97.33 and a 200 day moving average price of C$96.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.62 and a quick ratio of 2.41. The firm has a market cap of C$8.77 billion, a PE ratio of 8.24, a PEG ratio of 1.47 and a beta of 1.53.

Onex Company Profile

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, upper-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.