TD Securities Has Lowered Expectations for Onex (TSE:ONEX) Stock Price

Onex (TSE:ONEX) had its target price cut by equities research analysts at TD Securities from C$165.00 to C$160.00 in a research note issued on Monday,BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 43.70% from the company’s current price.

Several other research firms have also recently issued reports on ONEX. Scotiabank boosted their target price on Onex from C$153.00 to C$175.00 in a research note on Friday, October 31st. Royal Bank Of Canada set a C$141.00 price target on shares of Onex and gave the company a “sector perform” rating in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Onex presently has an average rating of “Moderate Buy” and a consensus target price of C$151.50.

Onex Trading Down 3.3%

Onex stock traded down C$3.77 during trading hours on Monday, reaching C$111.34. The stock had a trading volume of 111,754 shares, compared to its average volume of 140,850. The stock has a market cap of C$7.64 billion, a PE ratio of 15.19, a PEG ratio of 1.47 and a beta of 1.14. The company has a fifty day simple moving average of C$120.37 and a 200-day simple moving average of C$112.68. The company has a debt-to-equity ratio of 49.85, a current ratio of 17.51 and a quick ratio of 2.41. Onex has a 52 week low of C$86.64 and a 52 week high of C$131.38.

About Onex

Onex Corporation is a private equity investor and asset management firm. The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices.