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

TD Securities upgraded shares of Onex (TSE:ONEX) from a hold rating to a buy rating in a report issued on Monday morning,BayStreet.CA reports. TD Securities currently has C$140.00 target price on the stock, up from their prior target price of C$111.00.

Separately, Royal Bank of Canada increased their price target on shares of Onex from C$121.00 to C$122.00 in a research note on Friday, August 9th.

Onex Price Performance

Shares of ONEX stock opened at C$118.38 on Monday. The stock’s fifty day moving average is C$96.37 and its 200-day moving average is C$95.81. 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 has a 52 week low of C$84.06 and a 52 week high of C$118.91. The stock has a market capitalization of C$9.02 billion, a PE ratio of 8.44, a PEG ratio of 1.47 and a beta of 1.53.

About Onex

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.