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Onex (TSE:ONEX) Trading Up 2.2% - Here's What Happened

Onex logo with Financial Services background

Onex Co. (TSE:ONEX - Get Free Report) shares were up 2.2% during mid-day trading on Monday . The company traded as high as C$114.79 and last traded at C$114.52. Approximately 78,986 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 178,114 shares. The stock had previously closed at C$112.02.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ONEX shares. Scotiabank dropped their target price on Onex from C$145.00 to C$130.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. TD Securities increased their target price on Onex from C$134.00 to C$140.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, 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 report on Monday, April 28th.

Read Our Latest Stock Analysis on Onex

Onex Price Performance

The firm has a market cap of C$5.74 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 1.47 and a beta of 1.53. 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 company has a 50 day moving average of C$106.69 and a 200 day moving average of C$104.46.

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

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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