OneMain Holdings Inc. (OMF) Upgraded by Zacks Investment Research to Strong-Buy
OneMain Holdings Inc. (NYSE:OMF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday. The firm currently has a $35.00 price objective on the stock. Zacks Investment Research’s target price suggests a potential upside of 13.67% from the stock’s current price.
According to Zacks, “OneMain Holdings Inc. is a consumer financial services holding company. The Company’s operating segments consists of Consumer and Insurance, Acquisitions and Servicing and Real Estate. OneMain Holdings Inc., formerly known as Springleaf Holdings, Inc. is based in Evansville, United States. “
OMF has been the topic of a number of other reports. Barclays PLC restated an “overweight” rating and set a $36.00 price target on shares of OneMain Holdings in a report on Friday, July 15th. JPMorgan Chase & Co. assumed coverage on OneMain Holdings in a report on Monday, September 12th. They set an “overweight” rating and a $38.00 price target on the stock. Wedbush restated an “outperform” rating and set a $45.00 price target on shares of OneMain Holdings in a report on Monday. Jefferies Group restated a “buy” rating and set a $40.00 price target on shares of OneMain Holdings in a report on Sunday, July 10th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of OneMain Holdings in a report on Friday, August 5th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $40.20.
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OneMain Holdings (NYSE:OMF) opened at 30.79 on Tuesday. The firm’s market capitalization is $4.15 billion. The company’s 50-day moving average is $30.42 and its 200-day moving average is $28.59. OneMain Holdings has a one year low of $18.55 and a one year high of $51.39.
OneMain Holdings (NYSE:OMF) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. OneMain Holdings had a positive return on equity of 17.89% and a negative net margin of 1.70%. During the same period in the prior year, the firm earned $0.38 EPS. Equities analysts forecast that OneMain Holdings will post $4.25 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC bought a new stake in OneMain Holdings during the first quarter worth approximately $574,000. Virginia Retirement System bought a new stake in OneMain Holdings during the first quarter worth approximately $551,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in OneMain Holdings during the first quarter worth approximately $2,151,000. Prudential Financial Inc. raised its stake in OneMain Holdings by 110.1% in the first quarter. Prudential Financial Inc. now owns 140,630 shares of the company’s stock worth $3,857,000 after buying an additional 73,700 shares during the last quarter. Finally, BlackRock Inc. raised its stake in OneMain Holdings by 750.2% in the first quarter. BlackRock Inc. now owns 12,745 shares of the company’s stock worth $350,000 after buying an additional 11,246 shares during the last quarter. 99.17% of the stock is owned by institutional investors and hedge funds.
About OneMain Holdings
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc, incorporated on August 5, 2013, is a financial services holding company. The Company provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures.
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