TSE:ONEX

Onex Corp (ONEX.TO)

109.81
-4.04 (3.55%)
as of Sep 8, 2026, 8:00:00 pm Market Open.
167 watching
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Investor Insights
star iconSep 8, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

Onex Corp (ONEX-T) has garnered a positive outlook from experts, particularly emphasizing its resilience in a challenging market environment for private equity firms. While the stock's price trajectory has remained relatively stagnant for some time, a recent breakout above the $100 mark is seen as a hopeful sign. Analysts are optimistic about Onex's ability to leverage its expertise in identifying and enhancing valuable assets, suggesting that investors can benefit from holding steady to let their investments compound. Furthermore, the stock's yield of 0.32% and an analyst price target of $144.00 indicate potential upside, reinforcing the notion that Onex represents a compelling investment opportunity despite macroeconomic volatility.

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Consensus
Positive
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Valuation
Fair Value
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Similar
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PAST TOP PICK
(A Top Pick Aug 29/19, Up 2%) He still owns this one. He likes the up trend that has been in place since early 2019. They have been finding some good details that is adding value. There does not appear to be a lot of risk at this stage and he thinks it could trade over $90 again soon. A good core position for the time being.
HOLD

Sell and buy BAM? Don't panic, don't bail. This will remain news-driven. Hold onto it. You could sell some of this and buy BAM.

PARTIAL SELL
Sell this and buy BAM? It's definitely breaking a downtrend; it is testing the upper end of a channel. It's been rangebound this year. But you can switch over to BAM; tailwinds are behind them because management has the confidence of the market.
COMMENT
Westjet purchase? The purchase of on airline has always been a goal of Onex -- especially in the duopoly in Canada. Onex is largely a private equity company and sometimes accused of putting management ahead of shareholder needs. He worries a little about the valuation that private equity companies are carrying their investments at.
PAST TOP PICK
(A Top Pick Oct 19/18, Down 8%) He doubled up on it earlier in the year and he still likes it. It is a fantastically run business. They had their investor day a couple of weeks ago and they communicated how they are redesigning the business. They are a private equity company. It is selling at a 20% discount to net asset value. This could have been a forth Top Pick.
WATCH

He's owned this on and off. Managers are sharp and own a lot of stock. Theyr'e going through a soft patch with their underlying businesses, but they will get through this. Wait to see what they do with WestJet and Gluskin Sheff. Boasts good return on equity historically. Won't buy it here, but watch it.

TOP PICK

Consumate buyers. Just bought WestJet. Not a lot of risk. Eventually, market will move, and this will break out. Yield is 0.51%. (Analysts’ price target is $97.63)

BUY
It's basing and might break out. He's bullish and expects it to rise above $90.
BUY
The chart is doing well. In 2016, it popped up, rose, and has now fallen back to $80. There's a good chance to rise close to $100 again.
PAST TOP PICK
(A Top Pick Mar 19/19, Up 8%) It reached a peak and then touched bases. He thinks it will break through eventually it could go higher.
DON'T BUY
CEO Gerry Schwartz finally got his airline. Onex knows airlines very well; it made a lot of money in that business. Airlines are an oligopoly in Canada and getting more profitable all the time. But Onex pays a meager dividend, 0.5%. They can afford to pay more. It's a huge conglomerate with many holdings, so hard to analyze. Some says Onex is trading at a discount to its parts.
TOP PICK

A discount to NAV. They suffered as they had a cash component. Incredible cheap. They just bought West Jet. They are going to do what they always do: create value for individual shareholders. (Analysts’ price target is $95.57)

BUY

Likes their chart and it continues to improve, even with the Westjet buy this week. It's seeing an uptrend since December with higher highs and lows. He'd like to see stronger volume. The next resistance level is $90.

BUY
BAM.A vs. Onex They're very different companies. BAM has moved from infrastructure to being more private equity; it's larger than Onex. Onex just bought Gluskin and Sheff, branching into a new direction. You can do well owning both; buy 50/50 in them. He can't favour one over the other.
TOP PICK
A private equity company. They have a historically good track record. It dropped because of slowness in redeploying money. It is at about a 15% discount to NAV right now. You are buying it at a discount. It will be a great investment for several years out. (Analysts’ price target is $96.11)
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