Onex (TSE:ONEX) Shares Up 0.5% – Still a Buy?

Onex Co. (TSE:ONEX) shares rose 0.5% on Wednesday . The company traded as high as C$115.79 and last traded at C$115.17. Approximately 117,313 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 105,451 shares. The stock had previously closed at C$114.61.

Analyst Upgrades and Downgrades

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

Onex Trading Up 0.1 %

The company has a quick ratio of 2.41, a current ratio of 3.62 and a debt-to-equity ratio of 0.54. The company has a market capitalization of C$8.81 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The stock’s 50 day moving average is C$104.00 and its two-hundred day 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.