Onex (TSE:ONEX) Stock Price Up 2.2% - Should You Buy?

Onex Co. (TSE:ONEX - Get Free Report)'s stock price was up 2.2% during trading on Monday . The stock traded as high as C$114.79 and last traded at C$114.52. Approximately 78,986 shares were traded during 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 Analysts Forecast Growth

Several equities research analysts recently commented on ONEX shares. TD Securities raised their target price 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 on the stock in a report on Monday, April 28th. Finally, Scotiabank dropped their target price 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 Trading Up 1.7%

The company has a market cap of C$5.77 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The firm has a 50-day moving average price of C$107.24 and a 200 day moving average price of C$104.57. The company has a current ratio of 17.51, a quick ratio of 2.41 and a debt-to-equity ratio of 49.85.

Onex (TSE:ONEX - Get Free Report) last issued its earnings results 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%. As a group, sell-side analysts forecast that Onex Co. will post 0.4443794 EPS for the current 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.