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ONEX Corporation ( (TSE:ONEX) ) has shared an announcement.
Onex Corporation has renewed its normal course issuer bid, securing approval from the Toronto Stock Exchange to repurchase for cancellation up to 10% of the public float of its Subordinate Voting Shares, or 6,388,348 shares, over the next 12 months. The buybacks, which may be conducted through the TSX, alternative Canadian trading systems and permitted private agreements, are capped at 27,062 shares per day under standard TSX limits, with flexibility for block purchases under applicable exemptions.
The new bid follows a 2025 program under which Onex repurchased 1,302,072 shares at an average price of C$104.76, well below the prior authorization limit of 5,779,994 shares. Management says the renewed buyback reflects its view that repurchasing shares at current levels offers an attractive risk-adjusted return for continuing shareholders, signalling ongoing confidence in the company’s valuation and capital allocation discipline.
The most recent analyst rating on (TSE:ONEX) stock is a Hold with a C$133.00 price target. To see the full list of analyst forecasts on ONEX Corporation stock, see the TSE:ONEX Stock Forecast page.
Spark’s Take on ONEX Stock
According to Spark, TipRanks’ AI Analyst, ONEX is a Neutral.
The score is driven primarily by solid underlying financial strength (profitability and balance sheet) and a clearly attractive valuation (low P/E), supported by a constructive earnings call outlook and strategic progress. These are partially offset by weak technical momentum and the company’s historically volatile revenue and cash-flow profile.
To see Spark’s full report on ONEX stock, click here.
More about ONEX Corporation
Onex Corporation is a global investment manager that invests and manages capital on behalf of its shareholders and institutional clients. Founded in 1984, the firm oversees approximately $59.2 billion in assets under management, including $8.7 billion of its own capital, and serves investors such as pension plans, sovereign wealth funds, banks, insurers, family offices and high-net-worth individuals. It operates from offices in Toronto, New York, New Jersey and London and is listed on the Toronto Stock Exchange under the symbol ONEX.
Average Trading Volume: 125,342
Technical Sentiment Signal: Buy
Current Market Cap: C$8.23B
See more data about ONEX stock on TipRanks’ Stock Analysis page.