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Onex (TSE:ONEX) Stock Price Down 1.2% - Time to Sell?

Onex logo with Financial Services background

Key Points

  • Onex Co. (TSE:ONEX) shares fell by 1.2% on Monday, trading as low as C$114.79, with a significant drop in trading volume.
  • Recent analyst reports reflected mixed sentiments: Scotiabank upgraded their price target to C$140.00, while CIBC reduced theirs to C$130.00, yet the consensus rating remains a Buy.
  • The company has a market capitalization of C$5.78 billion and demonstrates a healthy current ratio of 17.51 alongside a P/E ratio of 9.17.
  • MarketBeat previews the top five stocks to own by October 1st.

Onex Co. (TSE:ONEX - Get Free Report)'s share price traded down 1.2% during trading on Monday . The company traded as low as C$114.79 and last traded at C$115.41. 51,679 shares changed hands during trading, a decline of 67% from the average session volume of 158,025 shares. The stock had previously closed at C$116.86.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on ONEX

Onex Stock Performance

The company has a market capitalization of C$8.06 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.47 and a beta of 1.17. The stock's 50 day moving average price is C$113.14 and its 200 day moving average price is C$104.88. The company has a current ratio of 17.51, a quick ratio of 2.41 and a debt-to-equity ratio of 49.85.

About Onex

(Get Free Report)

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.

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