Onex Corp's stock has seen a slight decline this week amid notable company developments.
Onex Corp (ONEX.TO) has experienced a modest downturn in its stock price this week, closing at C$108.66, down 1.08% over the past week. As the financial sector continues to navigate various market conditions, Onex is drawing attention from investors due to its recent activities and presentations.
Investor takeaway: Keep an eye on Onex Corp's upcoming presentations and revenue growth potential, as these factors could influence the stock's performance in the near term.
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Onex Corp
ONEX.TO
ONEX.TO
Onex Corp
WealthAwesomeMarket cap
$8.30B
P/E
11.7x
Div. yield
0.26%
Div. / share
$0.29
52W high
$131.01
52W low
$94.97
1W change
-1.08%
Beta
0.97
Analyst Price Targets
Based on analyst covering ONEX
Wall Street analysts forecast ONEX stock price to rise 40.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$152.50
+40.4% Upside
Current Price
C$108.62
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
29.8%
Annualized
90-Day Vol
28.5%
Annualized
Trend (90d)
-9.4%
Annualized drift
90d Mean
C$105.02
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$107.41 | C$96.90 – C$119.05 |
| 60 trading days | C$106.20 | C$91.82 – C$122.84 |
| 90 trading days | C$105.02 | C$87.87 – C$125.50 |
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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Onex Corp's stock has a 52-week range of C$94.97 to C$131.01.
Currently, the stock is trading at roughly 38% of its 52-week range, reflecting cautious investor sentiment.
Bull case
Onex's strong profit margin of 66.1% and solid P/E ratio of 11.69 show that the company remains fundamentally sound, which could attract long-term investors.
Bear case
However, the stock's performance has been lackluster in the last month, declining nearly 6%, which raises concerns about maintaining investor confidence.
Recent Price Action
Onex Corp's stock closed at C$108.66, down 0.50% on the day and 1.08% over the past week. It has dropped about 5.96% in the last month and is down approximately 4.71% year-to-date. This performance may reflect broader market trends or specific challenges faced by the company.
Company News and Developments
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This week, Onex Corp has been in the spotlight for its participation in the Scotiabank 27th Annual Financials Summit, where it is expected to present insights into its business strategy and growth potential. Additionally, Onex has been mentioned in discussions about Canadian founder-led stocks, which are showing revenue growth of up to 16%. These developments may provide valuable context for investors assessing the company’s future prospects.
Technical Picture
From a technical standpoint, Onex Corp is trading below both its 50-day moving average of C$110.81 and its 200-day moving average of C$109.55, suggesting a bearish trend. The stock's beta of 0.97 indicates it moves in line with the broader market, while its current trading volume of 88,972 shares is about 75% of the 20-day average volume of 123,656 shares. The stock's 52-week range of C$94.97 to C$131.01 further highlights its current position within a significant range.
Insider Activity
No recent insider activity has been reported for Onex Corp, which may indicate stability in its leadership and management.
Final Thoughts
As of the latest close, Onex Corp's stock is positioned at C$108.66, reflecting a 1D change of -0.50%. Investors may want to monitor the upcoming developments from the Scotiabank Summit and evaluate how these could impact the stock's trajectory.
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