Onex (TSE:ONEX) Stock Price Down 2.9%

Onex Co. (TSE:ONEX)’s share price traded down 2.9% on Tuesday . The company traded as low as C$93.91 and last traded at C$94.22. 158,216 shares changed hands during trading, an increase of 60% from the average session volume of 98,978 shares. The stock had previously closed at C$97.00.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of Onex from C$119.00 to C$115.00 and set a “sector perform” rating for the company in a report on Monday, May 13th. TD Securities cut their price target on shares of Onex from C$115.00 to C$112.00 in a report on Thursday, April 25th.

Onex Stock Performance

The firm has a market cap of C$7.07 billion, a P/E ratio of 7.00, a P/E/G ratio of 1.47 and a beta of 1.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.41 and a current ratio of 3.98. The company’s 50 day moving average is C$97.02 and its 200 day moving average is C$97.78.

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.