Analyst Ratings Coverage
Onex Corp, a leading private equity firm has had it’s coverage updated by analysts who have just updated their ratings and target prices for the company’s stock.
STA Research maintains a “Buy” rating for Onex Corp, with a target price of CAD 70. This indicates that STA Research believes the stock has potential for growth and recommends investors consider buying shares at the current price.
TD Securities has revised its target price for Onex Corp while maintaining a “Buy” rating. The new target price was lowered to CAD 98 from $105, suggesting that TD Securities still holds a positive view of the company’s prospects but at a slightly lower level than previously projected.
Canaccord Genuity has downgraded Onex Corp’s rating to “Underperform” and set a target price of CAD 81 from $105. This rating suggests that Canaccord Genuity has a pessimistic outlook for the stock, expecting it to underperform relative to its industry peers.
Scotia Capital has also downgraded its target price for Onex Corp while maintaining an “Underperform” rating. The revised target price is CAD 90, down from $95, indicating Scotia Capital’s belief that the stock is likely to underperform compared to its industry counterparts.
RBC has assigned a “Sector Perform” rating for Onex Corp, with a target price of CAD 81. This rating implies that RBC expects the stock to perform in line with the broader sector, neither significantly outperforming nor underperforming.
In summary, while STA Research maintains a “Buy” rating for Onex Corp, other analyst firms have downgraded their target prices and assigned “Underperform” or “Sector Perform” ratings. Investors should carefully assess these ratings in conjunction with other relevant factors to form a comprehensive view of Onex Corp’s stock.
ONEX Stock Forecast & Analysis
According to the analysis of 7 analysts, the average target price for Onex Corp over the next 12 months is CAD 89.82. This suggests a potential upside for investors considering the current stock price. The average analyst rating for Onex Corp is “Buy,” indicating a positive sentiment towards the stock.
Stock Target Advisor’s analysis of Onex Corp and has labeled it as “Bearish.” This assessment is based on 3 positive signals and 11 negative signals related to the company. The bearish analysis suggests a more cautious stance and signals potential concerns for investors to consider.
At the last closing, Onex Corp’s stock price stood at CAD 60.82. This represents the value at which the stock last traded on the market. Over the past week, Onex Corp’s stock price has shown a slight negative change of -0.56%, indicating a relatively stable performance in the short term. Looking at the past month, the stock has experienced a decline of -6.83%, suggesting a downward trend. Over the last year, the stock price has fallen by -17.83%, indicating a more significant decline over a longer period.