TD Securities Forecasts Strong Price Appreciation for Onex (TSE:ONEX) Stock

Onex (TSE:ONEX) had its price target boosted by research analysts at TD Securities from C$134.00 to C$140.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 30.46% from the stock’s previous close.

Several other brokerages have also commented on ONEX. CIBC dropped their price target on shares of Onex from C$150.00 to C$130.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Scotiabank dropped their price target on shares of Onex from C$145.00 to C$130.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th.

Onex Stock Up 1.4%

ONEX stock opened at C$107.31 on Monday. The company’s 50 day moving average price is C$96.28 and its 200 day moving average price is C$105.39. The company has a debt-to-equity ratio of 49.85, a quick ratio of 2.41 and a current ratio of 17.51. Onex has a fifty-two week low of C$85.36 and a fifty-two week high of C$118.91. The firm has a market capitalization of C$5.38 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 1.47 and a beta of 1.53.

Onex (TSE:ONEX) last released its earnings results on Friday, May 9th. The company reported C$2.36 earnings per share for the quarter. Onex had a net margin of 68.42% and a return on equity of 7.89%. On average, equities research analysts anticipate that Onex will post 0.4443794 EPS for the current fiscal 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.