Will ONEX Corporation Short Squeeze Soon?

 Will ONEX Corporation Short Squeeze Soon?

The stock of ONEX Corporation (TSE:OCX) is a huge mover today! About 15,910 shares traded hands. ONEX Corporation (TSE:OCX) has risen 8.36% since March 14, 2016 and is uptrending. It has outperformed by 2.82% the S&P500.
The move comes after 9 months negative chart setup for the $8.61 billion company. It was reported on Oct, 19 by Barchart.com. We have $75.41 PT which if reached, will make TSE:OCX worth $774.90 million less.

ONEX Corporation (TSE:OCX) Ratings Coverage

Out of 4 analysts covering Onex Corporation (TSE:OCX), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Onex Corporation has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, June 15 by Scotia Capital. The stock has “Sector Perform” rating given by Scotia Capital on Friday, August 14. Canaccord Genuity maintained ONEX Corporation (TSE:OCX) rating on Friday, August 14. Canaccord Genuity has “Buy” rating and $86 price target. RBC Capital Markets upgraded ONEX Corporation (TSE:OCX) rating on Tuesday, July 28. RBC Capital Markets has “Outperform” rating and $84 price target. As per Tuesday, June 28, the company rating was maintained by Scotia Capital. RBC Capital Markets maintained it with “Outperform” rating and $95 target price in Wednesday, June 15 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, August 14. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, August 29.

More notable recent ONEX Corporation (TSE:OCX) news were published by: Theglobeandmail.com which released: “Onex buying US discount grocer Save-A-Lot for $1.37-billion” on October 17, 2016, also Fool.ca with their article: “ONEX Corporation Gets Analytical” published on October 06, 2016, Business.Financialpost.com published: “Onex Corp reverses its normal exit strategy, plans to use IPO to sell stake in …” on June 06, 2016. More interesting news about ONEX Corporation (TSE:OCX) were released by: Business.Financialpost.com and their article: “Onex Corp hungry for restaurant, retail deals to lighten $2.2 billion war chest” published on September 08, 2016 as well as Business.Financialpost.com‘s news article titled: “Onex Corp sells KraussMaffei to China National Chemical Corp for about $1 billion” with publication date: January 11, 2016.

Onex Corporation is a private equity firm. The company has a market cap of $8.61 billion. The Firm operates in eight divisions: Electronics Manufacturing Services, Healthcare Imaging, Health and Human Services, Building Products, Insurance Services, Packaging Products and Services, Credit Strategies, and Other Businesses. It currently has negative earnings. The Company’s Other businesses include aerospace automation, tooling and components, aircraft leasing and management, business services/tradeshows, restaurants, hospital management services, survival equipment and plastics processing equipment.

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