Onex (TSE:ONEX) Stock Rating Upgraded by TD Securities

Onex (TSE:ONEX) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a C$140.00 target price on the stock, up from their previous target price of C$111.00. TD Securities’ price target indicates a potential upside of 20.72% from the company’s current price.

Separately, Royal Bank of Canada upped their target price on shares of Onex from C$121.00 to C$122.00 in a research report on Friday, August 9th.

Onex Stock Performance

Shares of Onex stock opened at C$115.97 on Monday. The firm has a fifty day moving average of C$96.87 and a two-hundred day moving average of C$95.96. The stock has a market capitalization of C$8.83 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 1.47 and a beta of 1.53. Onex has a 52 week low of C$84.06 and a 52 week high of C$118.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.41 and a current ratio of 3.62.

About Onex

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, upper-middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.