Onex Co. (OTCMKTS:ONEXF – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $63.62 and last traded at $63.62, with a volume of 1693 shares changing hands. The stock had previously closed at $62.50.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Scotiabank upped their target price on Onex from C$100.00 to C$110.00 in a report on Friday, September 29th. Royal Bank of Canada cut their target price on shares of Onex from C$103.00 to C$102.00 in a research note on Friday, September 29th.
Onex Stock Performance
Onex (OTCMKTS:ONEXF – Get Free Report) last posted its quarterly earnings data on Friday, November 10th. The company reported $3.23 EPS for the quarter. The company had revenue of $350.00 million during the quarter. Onex had a return on equity of 9.63% and a net margin of 47.28%.
Onex Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 9th were given a $0.0741 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, October 6th. Onex’s payout ratio is 3.97%.
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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