Onex (TSE:ONEX) Stock Rating Upgraded by TD Securities

Onex (TSE:ONEX) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a C$140.00 price objective on the stock, up from their previous price objective of C$111.00. TD Securities’ price target would suggest a potential upside of 26.87% from the stock’s previous close.

Onex Price Performance

TSE:ONEX traded up C$1.08 during trading hours on Tuesday, hitting C$110.35. The company’s stock had a trading volume of 25,042 shares, compared to its average volume of 106,362. 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 company has a market capitalization of C$8.41 billion, a P/E ratio of 7.87, a PEG ratio of 1.47 and a beta of 1.53. Onex has a twelve month low of C$85.36 and a twelve month high of C$118.91. The stock has a fifty day simple moving average of C$107.92 and a 200-day simple moving average of C$98.90.

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.