Onex Corp's stock remains stable amidst a week of modest gains and important presentations.
Onex Corp (ONEX.TO) has seen a slight increase of 0.85% over the past week, closing at C$109.81, with no significant price change today. As a key player in the financial sector, Onex has been in the news recently, particularly due to its participation in the Scotiabank 27th Annual Financials Summit, which may influence investor sentiment.
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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
+0.85%
Beta
0.97
Analyst Price Targets
Based on analyst covering ONEX
Wall Street analysts forecast ONEX stock price to rise 33.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$152.50
+33.9% Upside
Current Price
C$113.85
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
28.9%
Annualized
90-Day Vol
28.0%
Annualized
Trend (90d)
+23.8%
Annualized drift
90d Mean
C$123.93
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$117.12 | C$106.00 – C$129.39 |
| 60 trading days | C$120.47 | C$104.63 – C$138.72 |
| 90 trading days | C$123.93 | C$104.27 – C$147.29 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: With a stable P/E ratio and a healthy profit margin, Onex Corp’s fundamentals appear solid, although the stock has not shown significant movement year-to-date. Investors should keep an eye on upcoming presentations and market trends as potential catalysts for future growth.
Key Metrics for Onex Corp
The stock is trading at a P/E of 12.19, with an impressive profit margin of 66.1%, indicating efficient management and profitability.
Bull case
Onex’s involvement in high-profile financial summits and its strong profit margins suggest a solid business model. This could attract more investor interest and lead to an increase in stock value.
Bear case
Despite its recent stability, Onex has a year-to-date return of just -0.12%. This indicates that market conditions or specific challenges within the company could limit growth potential.
Recent Price Action
Onex Corp's stock closed at C$109.81, reflecting a 0.00% change today and a modest increase of 0.85% over the past week. This stability comes amidst mixed market sentiment, with investors weighing upcoming catalysts.
Company News
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This week, Onex Corp was highlighted in news articles for its participation in the Scotiabank 27th Annual Financials Summit. Such events often provide companies with platforms to discuss growth strategies and financial health, which can positively influence investor perception.
Technical Picture
From a technical standpoint, Onex is trading close to its 50-day moving average of C$110.44, which is just 0.6% higher than its current price. The 200-day moving average stands at C$109.50, indicating a slight upward trend over the longer term. The stock's 52-week range is C$94.97 to C$131.01, placing it at 41% of its range. With a beta of 0.97, Onex shows a volatility level close to the market average, suggesting a moderate risk profile.
Insider Activity
No recent insider trading activity has been reported for Onex Corp, which may indicate stable management and confidence in the company's direction.
Price Action Summary
In summary, Onex Corp's stock closed at C$109.81, reflecting a stable performance with no change today. Investors should consider the implications of the recent summit presentation and monitor market reactions closely.
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