Analysts seem to be feeling optimistic about ONEX Corporation (ONEX) lately, as another research firm gave the stock a Buy rating today. Analyst Geoffrey Kwan from RBC Capital reiterated a Buy rating, with a C$97 price target.
According to TipRanks.com, Kwan is a 3-star analyst with an average return of 2.2% and a 48.3% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, IGM Financial, and Sprott Inc.
Currently, the analyst consensus on ONEX Corporation is a Moderate Buy with an average price target of C$95.80, a 19.9% upside from current levels. In a report issued on March 1, Canaccord Genuity also reiterated a Buy rating on the stock with a C$95 price target.
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The company has a one-year high of C$99.82 and a one-year low of C$71.28. Currently, ONEX Corporation has an average volume of 154K.
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 Monday at C$79.90.
