TD Securities upgraded shares of Onex (TSE:ONEX - Free Report) from a hold rating to a buy rating in a research note released on Monday morning,BayStreet.CA reports. The firm currently has C$140.00 target price on the stock, up from their previous target price of C$111.00.
Onex Stock Up 0.4 %
ONEX traded up C$0.48 during trading on Monday, hitting C$114.02. 99,971 shares of the company's stock traded hands, compared to its average volume of 106,756. Onex has a 12-month low of C$85.36 and a 12-month high of C$118.91. The company's 50 day simple moving average is C$109.30 and its two-hundred day simple moving average is C$99.44. 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 stock has a market capitalization of C$8.68 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.47 and a beta of 1.53.
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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