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Onex Corp (ONEX-T)
TSE:ONEX
112.02
1.55
(1.40%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Markets both high and flatMost Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Taiwan Semis sparks rallyThis summary was created by AI, based on 8 opinions in the last 12 months.
Onex Corp (ONEX-T) is a Canadian private equity firm with a strong portfolio including WestJet. The company is trading at a low multiple of earnings and below book value. The management is prudently using cash reserves to reduce debt and buy back shares, indicating a positive outlook for the company. With analysts' price targets indicating significant upside potential, experts have highlighted the undervalued nature of the stock and the strong fundamentals of the business.
$100.720
Unknown
Very well-run. Still likes it. Their Q2 report noted book value of $150 while shares are $100. At some point this gap will compressed. They heavily buy their own shares.
The CFO likes it on a fundamental basis. He has tolerated some negativity because of the fundamentals but wants to see it hold there.
ONEX has over $49 billion in assets under management including WestJet - with over $8 billion of its own assets invested. It trades under book value. Recently reported earnings showed a 27% increase in quarterly EPS. We recommend setting a stop-loss at $77, looking to achieve $119 -- upside potential of 28%. Yield 0.3%
(Analysts’ price target is $119.00)Will continue to hold. Business performing well. Earnings continue to rise. Strong management team with sharp capital allocation skills. Current share price is cheap. Market not recognizing value in business. $145/share in capital, with a share price below $100/share.
Wonderful franchise that generates excellent profits. New CEO very experienced. Believes share price should be around $140 / share. Currently undervalued with room for growth. Will continue to own shares.
More of a niche, smaller, private equity player that gets left out of transactions. Could narrow discount to NAV, say, by using excess cash to buy back shares. But that would reduce ability to do deals. Likely to continue to trade at a discount. Instead, look at BN.
Shares plunged in 2022 and part of this year, but have nearly recovered. Gerry Schwartz is no longer CEO. They've bought and sold many businesses. Onex's intrinsic value is $130-140, but shares trade at $90, so there's a big disconnect by the market. Onex keeps buying back shares and are ramping up acquisitions.
(Analysts’ price target is $112.33)Likes the private equity space. Has rallied 30% since June, but still trading at a discount to NAV. Has a long track record. A great way for investors to participate in areas that are closed to them, making private equity public.
It is going sideways and is on his watchlist. There is lots of upside ahead when it breaks out of its consolidation phase. The breakout hasn't happened yet so he is not buying, but you could trade it - buy it at the bottom of its trading range and sell it at the top. He gives the chart a 5 out of 10 which is not bad.
Very strong management team.
Hard stock to value. Private equity firm.
Trading at discount to net asset value.
High interest rates makes it hard for company to grow.
Better names to own.
Onex Corp(ONEX-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 4
Onex Corp(ONEX-T) Frequently Asked Questions
What is Onex Corp stock symbol?
Onex Corp is a Canadian stock, trading under the symbol ONEX-T on the Toronto Stock Exchange (ONEX-CT). It is usually referred to as TSX:ONEX or ONEX-T
Is Onex Corp a buy or a sell?
In the last year, 4 stock analysts published opinions about ONEX-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Onex Corp.
Is Onex Corp a good investment or a top pick?
Onex Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Onex Corp.
Why is Onex Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Onex Corp worth watching?
4 stock analysts on Stockchase covered Onex Corp In the last year. It is a trending stock that is worth watching.
What is Onex Corp stock price?
On 2024-11-21, Onex Corp (ONEX-T) stock closed at a price of $112.02.
We reiterate ONEX, a Canadian private equity firm with WestJet in its portfolio, as a TOP PICK. It trades at 7x trailing earnings and under book value. The company is prudently using some cash reserves to draw down debt and buy back shares. We recommend trailing up the stop (from $77) to $89, looking to achieve $121 -- upside potential of 19%. Yield 0.3%
(Analysts’ price target is $121.33)