Onex (TSE:ONEX) Raised to “Buy” at TD Securities

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

Onex Price Performance

Onex stock opened at C$110.35 on Tuesday. The company has a market cap of C$8.41 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. Onex has a one year low of C$85.36 and a one year high of C$118.91. The business has a fifty day moving average of C$108.14 and a two-hundred day moving average of C$98.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.41 and a current ratio of 3.62.

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.