ONEX (OTCMKTS:ONEXF) had its price objective dropped by stock analysts at Scotiabank from $76.00 to $74.00 in a report released on Monday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 66.65% from the company’s current price.
A number of other research firms also recently weighed in on ONEXF. Stifel Nicolaus upped their price target on ONEX from $85.80 to $88.50 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Royal Bank of Canada upped their price target on ONEX from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. ValuEngine raised ONEX from a “sell” rating to a “hold” rating in a research report on Thursday, June 4th. Canaccord Genuity upped their price objective on ONEX from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, CIBC dropped their price objective on ONEX from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $75.70.
Shares of ONEXF opened at $44.40 on Monday. ONEX has a 52-week low of $25.66 and a 52-week high of $68.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 61.31 and a current ratio of 61.31. The stock has a 50 day simple moving average of $45.69 and a 200 day simple moving average of $51.86. The firm has a market capitalization of $4.42 billion, a PE ratio of -9.78 and a beta of 1.54.
ONEX (OTCMKTS:ONEXF) last released its quarterly earnings results on Friday, May 15th. The company reported ($9.12) earnings per share for the quarter. ONEX had a negative return on equity of 5.56% and a net margin of 389.88%. The firm had revenue of ($990.00) million for the quarter.
ONEX Company Profile
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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