Onex (TSE:ONEX) Sets New 1-Year High - Still a Buy?

Key Points

• Onex Co. shares reached a new 52-week high, trading at C$125.99, with a recent close at C$125.78 and a volume of 59,881 shares.
• Analysts at TD Securities and Scotiabank raised their price targets for Onex to C$148.00 and C$140.00, respectively, maintaining a "buy" and "outperform" rating.
• Onex Corporation has a market cap of C$8.63 billion, with a current ratio of 17.51 and a PE ratio of 17.16.

Shares of Onex Co. (TSE:ONEX - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$125.99 and last traded at C$125.78, with a volume of 59881 shares traded. The stock had previously closed at C$124.33.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ONEX. TD Securities raised their target price on shares of Onex from C$142.00 to C$148.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Scotiabank increased their price target on shares of Onex from C$135.00 to C$140.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$139.33.

Onex Stock Performance

The company has a market cap of C$8.46 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.47 and a beta of 1.14. The company has a quick ratio of 2.41, a current ratio of 17.51 and a debt-to-equity ratio of 49.85. The stock's 50-day moving average price is C$116.00 and its 200 day moving average price is C$106.37.

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.