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An announcement from ONEX Corporation ( (TSE:ONEX) ) is now available.
Onex Partners announced the completion of a strategic investment in OneDigital by Stone Point Capital and CPP Investments, valuing OneDigital at over $7 billion. This investment supports OneDigital’s growth through organic expansion and strategic acquisitions, highlighting confidence in its leadership and operating model. Onex Partners remains a significant minority owner, with total proceeds from the transaction amounting to approximately $1.1 billion for Onex Partners V and $235 million for Onex Corporation. The investment underscores OneDigital’s sustained growth across its core verticals, including employee benefits, HR, retirement, wealth management, and more.
The most recent analyst rating on (TSE:ONEX) stock is a Hold with a C$141.00 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 strategic initiatives highlighted in the earnings call. The company’s robust profitability and revenue growth, coupled with strategic acquisitions and partnerships, position it well for future growth. However, technical indicators suggest short-term bearish momentum, and liquidity constraints post-acquisition pose some risk.
To see Spark’s full report on TSE:ONEX stock, click here.
More about ONEX Corporation
Onex Corporation is a global investment firm that manages capital on behalf of its shareholders and clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices, and high-net-worth individuals. With approximately $57.2 billion in assets under management, Onex focuses on control equity investments in North America and Europe through its upper middle market buyout strategy, Onex Partners. The firm has a history of creating value through its investments, having acquired over 50 operating company platforms and completed more than 570 add-on acquisitions.
Average Trading Volume: 99,554
Technical Sentiment Signal: Buy
Current Market Cap: C$7.67B
See more insights into ONEX stock on TipRanks’ Stock Analysis page.