Onex (OTCMKTS:ONEXF) Upgraded to “Strong-Buy” at TD Securities

TD Securities upgraded shares of Onex (OTCMKTS:ONEXF) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Onex Stock Performance

OTCMKTS ONEXF opened at $80.10 on Tuesday. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.01. Onex has a twelve month low of $61.24 and a twelve month high of $85.07. The business has a 50-day moving average price of $71.29 and a 200-day moving average price of $70.14. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 9.31 and a beta of 1.54.

Onex (OTCMKTS:ONEXF) last posted its quarterly earnings results on Friday, November 8th. The company reported $1.68 earnings per share for the quarter. The business had revenue of $199.00 million during the quarter. Onex had a return on equity of 7.95% and a net margin of 68.14%.

Onex Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were issued a dividend of $0.0736 per share. This represents a dividend yield of 0.42%. The ex-dividend date was Thursday, October 10th. This is an increase from Onex’s previous dividend of $0.07. Onex’s dividend payout ratio is 3.41%.

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.