ONEX Co. (OCX) Earns Sector Perform Rating from Scotiabank
ONEX Co. (TSE:OCX)‘s stock had its “sector perform” rating reissued by analysts at Scotiabank in a research note issued on Tuesday. They presently have a C$84.00 price target on the stock. Scotiabank’s price objective indicates a potential upside of 1.69% from the company’s current price.
Other equities analysts also recently issued reports about the company. Canaccord Genuity boosted their price objective on ONEX from C$85.00 to C$87.00 and gave the company a “buy” rating in a research report on Friday, August 12th. CIBC boosted their price objective on ONEX from C$79.00 to C$81.00 in a research report on Friday, August 12th. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$84.00 price objective on shares of ONEX in a research report on Monday, August 29th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$86.20.
ONEX (TSE:OCX) traded up 0.70% during trading on Tuesday, reaching $83.18. The company had a trading volume of 49,153 shares. The firm’s 50 day moving average is $81.94 and its 200 day moving average is $79.60. The company’s market capitalization is $8.61 billion. ONEX has a one year low of $74.33 and a one year high of $87.86.
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Onex Corporation is a private equity firm. The Company operates in eight segments: Electronics Manufacturing Services, Healthcare Imaging, Health and Human Services, Building Products, Insurance Services, Packaging Products and Services, Credit Strategies, and Other Businesses. Its Other businesses include aerospace automation, tooling and components, aircraft leasing and management, business services/tradeshows, restaurants, hospital management services, survival equipment and plastics processing equipment.
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