Onex (OTCMKTS:ONEXF) Stock Rating Upgraded by TD Securities

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

Onex Price Performance

OTCMKTS:ONEXF opened at $80.10 on Tuesday. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 9.31 and a beta of 1.54. 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 business has a 50 day simple moving average of $71.29 and a 200-day simple moving average of $70.14. Onex has a 1 year low of $61.24 and a 1 year high of $85.07.

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

Onex Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were given a $0.0736 dividend. This is a positive change 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 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.