Onex (OTCMKTS:ONEXF) Price Target Raised to C$107.00 at Scotiabank

Onex (OTCMKTS:ONEXF) had its price target raised by Scotiabank from C$102.00 to C$107.00 in a research note released on Tuesday, The Fly reports. They currently have an outperform rating on the stock.

Other analysts also recently issued reports about the company. Canaccord Genuity dropped their price objective on Onex from C$104.00 to C$103.00 and set a buy rating for the company in a report on Friday, August 6th. CIBC upped their price objective on Onex from C$100.00 to C$105.00 and gave the stock an outperform rating in a report on Friday, July 16th. Finally, Royal Bank of Canada upped their price target on shares of Onex from C$106.00 to C$112.00 and gave the stock an outperform rating in a research report on Monday, May 17th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $105.40.

ONEXF stock opened at $73.14 on Tuesday. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 3.97 and a beta of 1.64. The business has a fifty day simple moving average of $71.89 and a 200-day simple moving average of $69.06. Onex has a 52 week low of $41.98 and a 52 week high of $78.16.

Onex (OTCMKTS:ONEXF) last released its quarterly earnings data on Thursday, August 5th. The company reported $1.95 EPS for the quarter. The business had revenue of $366.00 million during the quarter. Onex had a return on equity of 23.02% and a net margin of 73.67%.

The firm also recently declared a dividend, which was paid on Friday, July 30th. Investors of record on Friday, July 9th were given a dividend of $0.3289 per share. The ex-dividend date of this dividend was Thursday, July 8th. This represents a yield of 0.45%.

Onex Company Profile

ONEX Corp. engages in the business of investing and managing capital of shareholders, institutional investors and high net worth clients. It operates through the investing and Asset and Wealth Management segments. The Investing segment includes the activity of investing Onex’ capital. The Asset and Wealth Management segment comprises the asset and wealth management activities provided to private equity, public equity, and credit investing platforms.

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