Royal Bank of Canada Raises Onex (OTCMKTS:ONEXF) Price Target to C$103.00

Onex (OTCMKTS:ONEXFGet Rating) had its target price boosted by Royal Bank of Canada from C$99.00 to C$103.00 in a research report released on Monday morning, The Fly reports.

Several other equities research analysts have also recently commented on ONEXF. Scotiabank lowered their price target on shares of Onex from C$105.00 to C$95.00 in a research report on Monday. Canaccord Genuity Group lowered their price target on shares of Onex from C$104.00 to C$91.00 in a research report on Thursday, July 28th. Finally, TD Securities lifted their price target on shares of Onex from C$100.00 to C$105.00 in a research report on Monday.

Onex Trading Up 0.8 %

ONEXF opened at $55.14 on Monday. The stock has a market capitalization of $4.72 billion, a PE ratio of 787.83 and a beta of 1.44. Onex has a 1-year low of $44.36 and a 1-year high of $79.83. The firm has a 50-day moving average price of $49.57 and a two-hundred day moving average price of $52.02.

Onex Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, October 31st. Investors of record on Friday, October 7th were paid a dividend of $0.0741 per share. This represents a yield of 0.63%. The ex-dividend date was Thursday, October 6th. Onex’s payout ratio is 414.34%.

About Onex

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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.

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