Onex (TSE:ONEX) Hits New 52-Week High – Here’s What Happened

Onex Co. (TSE:ONEX)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$118.91 and last traded at C$118.38, with a volume of 267604 shares changing hands. The stock had previously closed at C$111.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ONEX shares. Royal Bank of Canada boosted their price target on Onex from C$121.00 to C$122.00 in a research report on Friday, August 9th. TD Securities raised Onex from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$111.00 to C$140.00 in a research report on Monday.

Onex Trading Up 6.5 %

The business has a 50-day simple moving average of C$96.37 and a two-hundred day simple moving average of C$95.81. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.62 and a quick ratio of 2.41. The stock has a market cap of C$9.02 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.47 and a beta of 1.53.

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.