In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, ONEX Corporation (ONEX). Analyst Geoffrey Kwan from RBC Capital reiterated a Buy rating, with a C$98 price target on March 22.
According to TipRanks.com, Kwan is a 3-star analyst with an average return of 2.7% and a 48.3% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, IGM Financial, and Sprott Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ONEX Corporation with a C$95.09 average price target.
Based on ONEX Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$228 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. It operates through the following segments: Electronics Manufacturing Services; Healthcare Imaging; Insurance Services; Packaging Products and Services; Business and Information Services; Credit Strategies; and Other.
The company’s shares closed on Tuesday at C$75.84, close to its 52-week low of C$71.28.
