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

Key Points

• TD Securities has raised the price target for Onex from C$142.00 to C$148.00, maintaining a "buy" rating and suggesting a potential upside of 31.67%.
• CIBC adjusted their price target downwards from C$150.00 to C$130.00, whereas Scotiabank increased theirs from C$135.00 to C$140.00, both rating Onex as "outperform."
• Onex's latest quarterly earnings reported C$2.36 EPS, indicating a strong net margin of 68.42% and a return on equity of 7.89%.

Onex (TSE:ONEX - Free Report) had its price objective boosted by TD Securities from C$142.00 to C$148.00 in a research note released on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Scotiabank lifted their price objective on Onex from C$135.00 to C$140.00 and gave the stock an "outperform" rating in a research report on Friday. CIBC reduced their target price on Onex from C$150.00 to C$130.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th.

Onex Stock Performance

Shares of Onex stock traded up C$1.79 during trading hours on Friday, hitting C$113.40. 7,011 shares of the company's stock traded hands, compared to its average volume of 163,622. The company has a debt-to-equity ratio of 49.85, a current ratio of 17.51 and a quick ratio of 2.41. The stock has a market capitalization of C$5.68 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 1.47 and a beta of 1.53. Onex has a 12-month low of C$86.64 and a 12-month high of C$118.91. The company has a fifty day simple moving average of C$110.72 and a 200-day simple moving average of C$104.44.

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