Onex Corp's stock has seen slight fluctuations this week amidst noteworthy company developments.
This week, Onex Corp (ONEX.TO) experienced a modest price change, closing at C$113.85, which is a 1.84% increase from the last trading day but a slight decline of 0.53% over the week. The financial firm has been in the spotlight due to its participation in upcoming financial events and its recent mention among Canadian companies showing revenue growth.
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Onex Corp
ONEX.TO
ONEX.TO
Onex Corp
WealthAwesomeMarket cap
$8.69B
P/E
12.2x
Div. yield
0.25%
Div. / share
$0.29
52W high
$131.01
52W low
$94.97
1W change
-0.53%
Beta
0.97
Analyst Price Targets
Based on analyst covering ONEX
Wall Street analysts forecast ONEX stock price to rise 34.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$152.50
+34.2% Upside
Current Price
C$113.61
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ONEX's historical volatility
30-Day Vol
29.5%
Annualized
90-Day Vol
28.0%
Annualized
Trend (90d)
+13.9%
Annualized drift
90d Mean
C$119.41
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$115.51 | C$104.33 โ C$127.90 |
| 60 trading days | C$117.45 | C$101.69 โ C$135.64 |
| 90 trading days | C$119.41 | C$100.10 โ C$142.45 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors may find Onex Corp's current valuation appealing, especially considering its strong profit margins and the positive outlook from analysts. However, the stock's performance remains slightly volatile, and potential investors should keep an eye on upcoming presentations and market conditions.
Onex Corp's Last Close: C$113.85
With a 52-week trading range of C$94.97 to C$131.01, Onex is currently positioned at 52% of its range, indicating room for potential growth.
Bull case
Onex has a solid profit margin of 66.1% and a favorable P/E ratio of 12.19, suggesting potential for strong returns. Analysts are projecting a target price of C$152.50, indicating significant upside. The company's participation in the Scotiabank Financials Summit could further boost investor confidence.
Bear case
Despite its strengths, Onex has faced a year-to-date decline of 0.33%, reflecting some market concerns. Its beta of 0.97 suggests a relatively stable performance compared to the broader market, but investors should be cautious of potential challenges in the financial sector.
Company News
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This week, Onex Corp was featured in headlines as one of three Canadian founder-led companies showcasing revenue growth of up to 16%. Additionally, Onex is scheduled to present at the Scotiabank 27th Annual Financials Summit, an event that could provide further insights into its strategic direction and operational performance.
Technical Picture
Onex Corp's stock closed at C$113.85, slightly above its 50-day moving average of C$110.44 (+3.1%) and its 200-day moving average of C$109.50 (+4.0%). The stock has traded between C$94.97 and C$131.01 over the past year, placing it at 52% of its 52-week range. The recent trading volume of 73,381 shares is below the 20-day average volume of 116,978 shares, indicating a decrease in trading activity.
Insider Activity
No recent insider activity has been reported for Onex Corp, which could suggest stability in management's confidence in the company's current strategy.
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