Onex (OTCMKTS:ONEXF – Get Assessment) had its price target reduced by Canaccord Genuity Group from CA$118.00 to CA$110.00 in a research report published Tuesday morning, reports The Fly.
ONEXF has been the subject of several other research reports. TD Securities reduced its price target on Onex from CA$125.00 to CA$115.00 in a Monday, February 28 report. Royal Bank of Canada reduced its price target on Onex from C$132.00 to C$126.00 in a Monday, February 28 report. Finally, Scotiabank reduced its price target on Onex from CA$121.00 to CA$118.00 in a Monday, February 28 report. One research analyst rated the stock with a hold rating and four gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and an average target price of $114.50.
ONEXF stock opened at $60.14 on Tuesday. The company has a quick ratio of 16.27, a current ratio of 16.27 and a leverage ratio of 0.45. The company has a market capitalization of $5.28 billion, a PE ratio of 3.82 and a beta of 1.51. Onex has a 12-month low of $58.72 and a 12-month high of $79.83. The stock has a 50-day simple moving average of $65.06 and a 200-day simple moving average of $71.08.
Onex (OTCMKTS:ONEXF – Get Rating) last released its results on Friday, February 25. The company reported earnings per share of $2.45 for the quarter. The company recorded revenue of $417.00 million during the quarter. Onex had a return on equity of 17.54% and a net margin of 68.81%.
The company also recently announced a dividend, which was paid on Saturday, April 30. Investors of record on Friday, April 8 received a dividend of $0.0777. The ex-dividend date was Thursday, April 7. This represents a return of 0.46%. Onex’s payout ratio is 2.03%.
Onex Company Profile (Get a rating)
Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm invests in buyouts, large and mid caps, large caps, mid caps and small caps and distressed companies. It also invests in recapitalization, growth capital, business spin-offs of mission-critical subsidiaries and supply divisions of multinational corporations, operational restructurings of undervalued businesses and constructions.
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