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

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

Onex Stock Performance

OTCMKTS ONEXF opened at $84.73 on Tuesday. The stock’s 50 day simple moving average is $70.36 and its 200-day simple moving average is $69.89. Onex has a 1-year low of $61.23 and a 1-year high of $85.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.87 and a quick ratio of 2.87. The company has a market cap of $6.46 billion, a PE ratio of 9.62 and a beta of 1.54.

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

Onex Increases Dividend

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