Onex (TSE:ONEX) Shares Up 0.5% - Here's What Happened

Onex Co. (TSE:ONEX - Get Free Report) shares traded up 0.5% during trading on Wednesday . The company traded as high as C$115.79 and last traded at C$115.17. 117,313 shares were traded 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.

Analysts Set New Price Targets

Several equities research analysts have commented on ONEX shares. Royal Bank of Canada boosted their target price on Onex from C$121.00 to C$122.00 in a report on Friday, August 9th. TD Securities upgraded shares of Onex from a "hold" rating to a "buy" rating and upped their price target for the stock from C$111.00 to C$140.00 in a research note on Monday, November 11th.

Onex Stock Performance

The company has a market capitalization of C$8.80 billion, a P/E ratio of 8.24, a P/E/G 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. The business's fifty day simple moving average is C$104.00 and its 200-day simple moving average is C$97.62.

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.