Onex (TSE:ONEX) Shares Pass Above 50-Day Moving Average – Should You Sell?

Onex Co. (TSE:ONEX)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$109.89 and traded as high as C$113.84. Onex shares last traded at C$112.89, with a volume of 154,498 shares.

Analysts Set New Price Targets

Several research firms have recently commented on ONEX. Royal Bank Of Canada increased their price objective on Onex from C$130.00 to C$135.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. TD lowered their target price on shares of Onex from C$165.00 to C$163.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$153.60.

Onex Price Performance

The business has a fifty day moving average of C$110.00 and a 200 day moving average of C$108.00. The firm has a market cap of C$8.51 billion, a P/E ratio of 16.61, a PEG ratio of 1.47 and a beta of 0.71. The company has a quick ratio of 2.41, a current ratio of 1.82 and a debt-to-equity ratio of 0.29.

Onex (TSE:ONEX) last released its quarterly earnings data on Thursday, August 13th. The company reported C$2.43 earnings per share (EPS) for the quarter. Onex had a return on equity of 5.25% and a net margin of 101.81%.The firm had revenue of C$287.00 million for the quarter. On average, sell-side analysts anticipate that Onex Co. will post 0.4443794 earnings per share for the current year.

Onex Company Profile

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. Investing revenue primarily comes from net gains on corporate investments and CLOs (collateralized loan investments). Asset and wealth management revenue comes primarily from management and performance fees.