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ONEX Corporation ( (TSE:ONEX) ) has issued an update.
OneDigital announced a majority investment from Stone Point Capital and CPP Investments, valuing the company at over $7 billion. This investment will support OneDigital’s growth through organic expansion and strategic acquisitions. The transaction highlights confidence in OneDigital’s leadership and innovative operating model, with Onex Partners remaining a significant minority owner. The investment is expected to enhance OneDigital’s capabilities and strengthen its market position, benefiting clients and stakeholders.
The most recent analyst rating on (TSE:ONEX) stock is a Buy with a C$132.00 price target. To see the full list of analyst forecasts on ONEX Corporation stock, see the TSE:ONEX Stock Forecast page.
Spark’s Take on TSE:ONEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ONEX is a Outperform.
ONEX Corporation’s overall stock score is driven by strong financial performance and positive earnings call sentiment. Technical analysis supports a positive trend, though potential overbought conditions are noted. Valuation suggests the stock may be undervalued, but the dividend yield is modest.
To see Spark’s full report on TSE:ONEX stock, click here.
More about ONEX Corporation
OneDigital is an insurance brokerage, financial services, and workforce consulting firm that provides integrated solutions to empower businesses and individuals. Founded in 2000 and headquartered in Atlanta, the company offers services across five core verticals: employee benefits and HR, retirement & wealth management, property & casualty, PEO, and Medicare Advantage. OneDigital is recognized for its culture of caring and serves over 100,000 employers and millions of individuals nationwide.
Average Trading Volume: 74,638
Technical Sentiment Signal: Buy
Current Market Cap: C$8.39B
For an in-depth examination of ONEX stock, go to TipRanks’ Overview page.