Onex (TSE:ONEX) Stock Price Up 0.9% - Still a Buy?

Onex Co. (TSE:ONEX - Get Free Report) shares shot up 0.9% on Monday . The stock traded as high as C$108.39 and last traded at C$108.00. 73,968 shares traded hands during trading, a decline of 61% from the average session volume of 187,829 shares. The stock had previously closed at C$106.99.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Securities raised their price objective on Onex from C$134.00 to C$140.00 and gave the company a "buy" rating in a report on Monday, May 12th. CIBC dropped their target price on Onex from C$150.00 to C$130.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Scotiabank reduced their price target on Onex from C$145.00 to C$130.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th.

Onex Price Performance

The company has a current ratio of 17.51, a quick ratio of 2.41 and a debt-to-equity ratio of 49.85. The business's fifty day moving average is C$101.40 and its 200 day moving average is C$104.53. The company has a market cap of C$5.41 billion, a P/E ratio of 8.58, a PEG ratio of 1.47 and a beta of 1.53.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.