Onex Co. (OTCMKTS:ONEXF) Given Average Recommendation of “Buy” by Brokerages

Onex Co. (OTCMKTS:ONEXFGet Rating) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm, reports. One investment analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $112.00.

Several research analysts have recently weighed in on the stock. TD Securities boosted their price objective on shares of Onex from C$110.00 to C$115.00 in a research note on Monday. Royal Bank of Canada boosted their price objective on shares of Onex from C$108.00 to C$110.00 in a research note on Monday. Scotiabank lowered their price objective on shares of Onex from C$121.00 to C$118.00 in a research note on Monday, February 28th. Finally, Canaccord Genuity Group lowered their price objective on shares of Onex from C$110.00 to C$104.00 and set a “buy” rating on the stock in a research note on Monday.

OTCMKTS:ONEXF traded up $3.72 on Monday, hitting $57.52. 20,900 shares of the company’s stock were exchanged, compared to its average volume of 5,915. The firm has a 50-day moving average price of $63.60 and a 200-day moving average price of $70.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 16.27 and a quick ratio of 16.27. Onex has a 52 week low of $53.80 and a 52 week high of $79.83. The company has a market cap of $5.05 billion, a P/E ratio of 4.41 and a beta of 1.51.

Onex (OTCMKTS:ONEXFGet Rating) last issued its quarterly earnings results on Friday, February 25th. The company reported $2.45 EPS for the quarter. Onex had a net margin of 68.81% and a return on equity of 17.54%. The firm had revenue of $417.00 million for the quarter.

The firm also recently announced a dividend, which was paid on Saturday, April 30th. Shareholders of record on Friday, April 8th were given a dividend of $0.0777 per share. The ex-dividend date of this dividend was Thursday, April 7th. This represents a dividend yield of 0.46%. Onex’s payout ratio is presently 2.45%.

Onex Company Profile (Get Rating)

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.

Further Reading

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