As of February 8, 2024, the latest analyst ratings for OneMain Holdings (NYSE:OMF) present a diverse range of perspectives. The overall ratings consist of 1 bullish, 2 somewhat bullish, and 3 indifferent, with no somewhat bearish or bearish ratings. Over the past 30 days, there has been 1 indifferent rating, while one month ago, the ratings were distributed as 1 bullish, 1 somewhat bullish, and 1 indifferent. Two months ago, there was 1 indifferent rating, and three months ago, there was 1 somewhat bullish rating.
Looking ahead, analysts have established 12-month price targets for OneMain Holdings, with an average target of $53.0. The high estimate stands at $68.00, while the low estimate is $48.00. This average target represents a significant increase of 19.1% from the previous average price target of $44.50.
Several key analysts have recently evaluated OneMain Holdings, providing valuable insights. Kevin Barker from Piper Sandler has announced a neutral rating, setting the current price target at $49.00. Mike Grondahl from Northland Capital Markets has assigned a market perform rating, with a current price target of $49.00. David Scharf from JMP Securities has upgraded his rating to market outperform, setting the current price target at $53.00, up from $46.00. Mark Devries from Deutsche Bank has announced a buy rating, with a current price target of $68.00. Michael Kaye from Wells Fargo has raised his rating to equal-weight, with a current price target of $48.00, up from $43.00. Lastly, Terence Malone from Barclays has announced an overweight rating, with a current price target of $51.00.
These ratings and price targets reflect the analysts’ responses to recent developments surrounding OneMain Holdings, including shifting market dynamics and the company’s performance. As the market continues to evolve, these evaluations provide valuable guidance for investors considering their positions in OneMain Holdings.
OMF Stock Price Holds Steady with Minor Decrease, Potential Recovery in After-Hours Trading – February 8, 2024
On February 8, 2024, OneMain Holdings, Inc. (OMF) experienced a slight decrease in its stock price. OMF is currently trading in the middle of its 52-week range and is above its 200-day simple moving average.
The price of OMF shares dropped by $0.96 since the market last closed, representing a 2.14% decrease. The stock closed at $43.91. However, it is worth noting that the stock rose by $0.02 in after-hours trading.
OMF’s position within its 52-week range suggests that the stock has not experienced any significant fluctuations recently. This stability may be appealing to investors. Additionally, the fact that OMF is trading above its 200-day simple moving average indicates a positive trend in its price momentum.
OneMain Holdings, Inc. is a leading consumer finance company that provides personal loans and other financial services to individuals. As of February 8, 2024, the company’s stock performance seems to be holding steady, with a minor decrease in price during the day. The after-hours trading indicates a slight recovery, which could potentially be a positive sign for investors.
Investors should conduct thorough research and analysis before making any investment decisions.
OneMain Holdings Inc. (OMF) Stock Performance: Revenue and Net Income Decline, Earnings per Share (EPS) Holds Flat
On February 8, 2024, OneMain Holdings Inc. (OMF) stock experienced mixed performance. According to data sourced from CNN Money, OMF reported a total revenue of $5.30 billion over the past year, representing a 4.09% increase compared to the previous year. However, the total revenue remained flat since the last quarter. Net income declined both on a yearly and quarterly basis. Over the past year, OMF recorded a net income of $641 million, which marked a 26.99% decrease compared to the previous year. In the fourth quarter, the net income stood at $165 million, reflecting a 14.95% decline since the previous quarter. Earnings per share (EPS) also experienced a decline. The EPS for the past year was reported at $5.32, indicating a 24.68% decrease compared to the previous year. However, the EPS held flat since the last quarter. Economic conditions, market trends, and company-specific factors can all contribute to fluctuations in stock prices and financial indicators. Investors and analysts will closely monitor OMF’s financial reports and future announcements to gain insights into the company’s strategies and potential for growth. It is crucial to assess a company’s performance over multiple periods and consider various factors before making investment decisions. Disclaimer: The information provided in this article is based on the data sourced from CNN Money and should not be considered as financial advice. Investors are advised to conduct their own research and consult with professionals before making investment decisions.
