The Financial sector company, ONEX Corporation (ONEX), has received a rating update from a Wall Street analyst today. Analyst Scott Chan CFA from Canaccord Genuity rated ONEX Corporation (ONEX) a Buy, setting a C$95 price target.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -1.9% and a 44.3% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ONEX Corporation with a C$94.50 average price target.
Based on ONEX Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$555 million. In comparison, last year the company had a net profit of C$347 million.
ONEX Corp. operates as a private equity company which invests in other industries. The company operates through followings: Electronics Manufacturing Services, Healthcare Imaging and Health & Human Services. The Electronics Manufacturing Services segment consists of the business of Celestica Inc. and its subsidiaries.
The company’s shares closed on Friday at C$79.64.
