Onex (TSE:ONEX) Trading 0.5% Higher – Here’s Why

Onex Co. (TSE:ONEX)’s stock price traded up 0.5% during mid-day trading on Wednesday . The stock traded as high as C$115.79 and last traded at C$115.17. 117,313 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 105,451 shares. The stock had previously closed at C$114.61.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada upped their target price on Onex from C$121.00 to C$122.00 in a report on Friday, August 9th. TD Securities upgraded Onex from a “hold” rating to a “buy” rating and increased their price target for the stock from C$111.00 to C$140.00 in a report on Monday, November 11th.

Onex Stock Up 0.5 %

The firm has a 50-day moving average price of C$103.54 and a two-hundred day moving average price of C$97.48. The firm has a market cap of C$8.77 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.41 and a current ratio of 3.62.

Onex Company Profile

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.