Onex (TSE:ONEX) Stock Price Down 1.7% - Time to Sell?

Key Points

• Onex Co. (TSE:ONEX) shares fell by 1.7% on Monday, with trading volumes down 66% compared to average levels.
• Analysts have varied opinions on Onex, with CIBC lowering its target price from C$150.00 to C$130.00, while TD Securities raised theirs from C$134.00 to C$140.00.
• Onex reported earnings of C$2.36 EPS with a net margin of 68.42% and a current ratio of 17.51 during their last quarterly results.

Onex Co. (TSE:ONEX - Get Free Report) shares fell 1.7% during trading on Monday . The stock traded as low as C$110.07 and last traded at C$110.80. Approximately 56,653 shares traded hands during trading, a decline of 66% from the average session volume of 167,521 shares. The stock had previously closed at C$112.72.

Analyst Ratings Changes

A number of research firms have recently issued reports on ONEX. TD Securities upped 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. Scotiabank upped their price objective on shares of Onex from C$135.00 to C$140.00 and gave the company an "outperform" rating in a research note on Friday. Finally, CIBC decreased their target price on shares of 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 Trading Down 0.4%

The stock has a market capitalization of C$5.61 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 1.47 and a beta of 1.53. 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 company's 50-day moving average is C$110.16 and its 200-day moving average is C$104.57.

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

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.