Onex (TSE:ONEX) Hits New 1-Year High - Should You Buy?

Key Points

• Onex Co. shares have reached a new 52-week high, trading at C$122.06, with a recent close of C$120.50, and a trading volume of 69,677 shares.
• Analysts have upgraded their ratings on Onex, with TD Securities setting a new price target of C$148.00 and Scotiabank increasing theirs to C$140.00, reflecting a positive consensus rating of "Buy."
• Onex operates as a private equity investor and asset management firm, managing investments across various segments, including pension plans and sovereign wealth funds.

Onex Co. (TSE:ONEX - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as C$122.06 and last traded at C$120.50, with a volume of 69677 shares. The stock had previously closed at C$121.53.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ONEX shares. Scotiabank boosted 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, August 8th. TD Securities boosted their price objective on Onex from C$142.00 to C$148.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Onex currently has an average rating of "Buy" and an average price target of C$139.33.

Onex Stock Up 0.5%

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$8.53 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.47 and a beta of 1.14. The firm has a 50 day moving average of C$114.85 and a 200-day moving average of C$105.70.

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.