Onex (TSE:ONEX - Get Free Report) was upgraded by equities researchers at TD Securities from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a C$140.00 price target on the stock, up from their previous price target of C$111.00. TD Securities' target price would indicate a potential upside of 26.87% from the company's previous close.
Onex Trading Up 1.0 %
Shares of Onex stock traded up C$1.08 on Tuesday, hitting C$110.35. 25,042 shares of the company traded hands, compared to its average volume of 106,362. The company has a current ratio of 3.62, a quick ratio of 2.41 and a debt-to-equity ratio of 0.54. The company has a market cap of C$8.41 billion, a PE ratio of 7.87, a PEG ratio of 1.47 and a beta of 1.53. The stock's 50 day moving average price is C$107.92 and its 200-day moving average price is C$98.90. Onex has a 52 week low of C$85.36 and a 52 week high of C$118.91.
About Onex
(
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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.
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