Onex (TSE:ONEX) Sets New 12-Month High - Time to Buy?

Shares of Onex Co. (TSE:ONEX - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$118.91 and last traded at C$118.38, with a volume of 267604 shares changing hands. The stock had previously closed at C$111.12.

Analyst Ratings Changes

A number of research firms recently commented on ONEX. Royal Bank of Canada boosted their target price on Onex from C$121.00 to C$122.00 in a research note on Friday, August 9th. TD Securities upgraded Onex from a "hold" rating to a "buy" rating and raised their target price for the stock from C$111.00 to C$140.00 in a research note on Monday.

Onex Price Performance

The stock has a market cap of C$8.90 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The stock's 50 day moving average price is C$96.87 and its two-hundred day moving average price is C$95.96. The company has a quick ratio of 2.41, a current ratio of 3.62 and a debt-to-equity ratio of 0.54.

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.