Onex (TSE:ONEX) Reaches New 52-Week High – Should You Buy?

Shares of Onex Co. (TSE:ONEX) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$107.33 and last traded at C$107.06, with a volume of 38701 shares trading hands. The stock had previously closed at C$102.94.

Analysts Set New Price Targets

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

Onex Stock Performance

The stock has a market cap of C$8.20 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.41 and a current ratio of 3.62. The company’s 50 day simple moving average is C$95.75 and its two-hundred day simple moving average is C$95.66.

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.