TD Securities Upgrades Onex (TSE:ONEX) to Buy

Onex (TSE:ONEX) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Tuesday,BayStreet.CA reports. The firm currently has a C$140.00 target price on the stock, up from their prior target price of C$111.00. TD Securities’ price objective points to a potential upside of 26.87% from the company’s previous close.

Onex Trading Up 1.0 %

TSE:ONEX opened at C$110.35 on Tuesday. Onex has a 12-month low of C$85.36 and a 12-month high of C$118.91. The company has a current ratio of 3.62, a quick ratio of 2.41 and a debt-to-equity ratio of 0.54. The stock’s 50 day simple moving average is C$108.14 and its 200-day simple moving average is C$98.99. The firm has a market cap of C$8.41 billion, a P/E ratio of 7.87, 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.