ONEX (OTCMKTS:ONEXF) Shares Gap Up – Should You Buy?

ONEX Corporation (OTCMKTS:ONEXF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $80.0620, but opened at $81.79. ONEX shares last traded at $81.79, with a volume of 100 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank Of Canada started coverage on shares of ONEX in a research note on Wednesday, October 1st. They set a “hold” rating for the company. TD Securities reaffirmed a “buy” rating on shares of ONEX in a research report on Friday, October 31st. Finally, Scotiabank reissued an “outperform” rating on shares of ONEX in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ONEX currently has a consensus rating of “Moderate Buy”.

ONEX Stock Performance

The firm has a 50 day moving average price of $81.31 and a two-hundred day moving average price of $83.02. The company has a market capitalization of $5.69 billion, a P/E ratio of 13.35 and a beta of 1.25.

ONEX (OTCMKTS:ONEXF) last posted its earnings results on Friday, November 7th. The company reported $0.57 EPS for the quarter. ONEX had a return on equity of 5.09% and a net margin of 56.15%.The business had revenue of $129.00 million during the quarter.

ONEX Company Profile

Onex Corporation is a Toronto‐based investment firm specializing in private equity and credit strategies across a range of industries. The company raises capital through independently managed funds and deploys it in buyouts, recapitalizations and growth investments targeting companies with strong management teams and potential for operational improvement. Onex also manages a public markets platform that invests in publicly traded companies, employing a value‐oriented approach to create long‐term shareholder value.

Through its private equity arm, Onex Partners, the firm pursues transactions in sectors such as aerospace and defense, healthcare, financial services, industrial manufacturing and packaging.