Onex (TSE:ONEX) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Onex Co. (TSE:ONEX) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$110.84 and traded as low as C$108.00. Onex shares last traded at C$110.50, with a volume of 137,303 shares trading hands.

Wall Street Analyst Weigh In

ONEX has been the subject of a number of research reports. Royal Bank Of Canada boosted their target price on Onex from C$130.00 to C$135.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. TD cut their price target on shares of Onex from C$165.00 to C$163.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Onex presently has a consensus rating of “Moderate Buy” and a consensus target price of C$153.60.

Onex Stock Performance

The stock has a market cap of C$8.43 billion, a PE ratio of 16.44, a PEG ratio of 1.47 and a beta of 0.77. The stock has a fifty day simple moving average of C$110.84 and a two-hundred day simple moving average of C$108.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.41 and a current ratio of 1.82.

Onex (TSE:ONEX) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$2.43 earnings per share (EPS) for the quarter. Onex had a net margin of 101.81% and a return on equity of 5.25%. The company had revenue of C$287.00 million for the quarter. Equities analysts anticipate that Onex Co. will post 0.4443794 EPS for the current fiscal year.

Onex Company Profile

Onex Corporation is a private equity investor and asset management firm. The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices. Investing revenue primarily comes from net gains on corporate investments and CLOs (collateralized loan investments). Asset and wealth management revenue comes primarily from management and performance fees.