At the time of writing, OneMain Holdings Inc [OMF] stock is trading at $47.24, down -0.42%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OMF shares have lost -1.89% over the last week, with a monthly amount drifted -1.81%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
OneMain Holdings Inc [NYSE: OMF] stock has seen the most recent analyst activity on February 08, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $49 from $55. Previously, Northland Capital downgraded its rating to Market Perform on January 17, 2024, and elevated its price target to $49. On January 10, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $68 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $51 on November 15, 2023. TD Cowen initiated its recommendation with a Outperform and recommended $43 as its price target on November 01, 2023. BofA Securities started tracking with a Buy rating for this stock on June 15, 2023, and assigned it a price target of $49. In a note dated January 06, 2023, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $49 to $39.
For the past year, the stock price of OneMain Holdings Inc fluctuated between $33.67 and $51.65. Currently, Wall Street analysts expect the stock to reach $55.67 within the next 12 months. OneMain Holdings Inc [NYSE: OMF] shares were valued at $47.24 at the most recent close of the market. An investor can expect a potential return of 17.85% based on the average OMF price forecast.
Analyzing the OMF fundamentals
According to OneMain Holdings Inc [NYSE:OMF], the company’s sales were 5.30B for trailing twelve months, which represents an 6.35% jump. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.21 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 46.87 points at the first support level, and at 46.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.89, and for the 2nd resistance point, it is at 48.53.
OneMain Holdings Inc [OMF] reported earnings per share of $1.39 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.37/share, meaning a difference of $0.02 and a surprise factor of 1.50%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $1.57 per share as compared to estimates of $1.49 per share, a difference of $0.08 representing a surprise of 5.40%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 1.78 and price to earnings (TTM) ratio is 8.89.
