Shares of Onex Co. (OTCMKTS:ONEXF – Get Rating) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $105.20.
A number of analysts have issued reports on ONEXF shares. Canaccord Genuity Group cut their target price on Onex from C$104.00 to C$91.00 in a research report on Thursday, July 28th. Scotiabank cut their target price on Onex from C$118.00 to C$105.00 in a research report on Friday, August 12th. Finally, Royal Bank of Canada boosted their target price on Onex from C$98.00 to C$102.00 in a research report on Friday, August 12th.
Onex Stock Performance
ONEXF stock opened at $49.82 on Friday. The firm has a market cap of $4.27 billion, a PE ratio of 5.57 and a beta of 1.50. The firm’s 50 day moving average price is $51.38 and its 200-day moving average price is $56.77. Onex has a one year low of $44.36 and a one year high of $79.83.
Onex Cuts Dividend
The business also recently disclosed a dividend, which was paid on Sunday, July 31st. Stockholders of record on Friday, July 8th were given a dividend of $0.0768 per share. This represents a dividend yield of 0.62%. The ex-dividend date was Thursday, July 7th. Onex’s dividend payout ratio is currently 3.46%.
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.
- Get a free copy of the StockNews.com research report on Onex (ONEXF)
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