TD Securities Lowers Onex (TSE:ONEX) Price Target to C$160.00

Onex (TSE:ONEX) had its target price decreased by equities researchers at TD Securities from C$165.00 to C$160.00 in a report issued on Monday,BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 44.56% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada set a C$141.00 price objective on Onex and gave the stock a “sector perform” rating in a research note on Wednesday, October 1st. Scotiabank increased their price target on shares of Onex from C$153.00 to C$175.00 in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$151.50.

Onex Stock Performance

Shares of ONEX stock opened at C$110.68 on Monday. The firm has a market capitalization of C$7.59 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.47 and a beta of 1.14. The company has a debt-to-equity ratio of 49.85, a current ratio of 17.51 and a quick ratio of 2.41. The business has a fifty day moving average of C$120.13 and a 200 day moving average of C$112.90. Onex has a 1 year low of C$86.64 and a 1 year high of C$131.38.

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.