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, MarketBeat.com 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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