While OneMain Holdings Inc has overperformed by 3.92%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OMF rose by 23.52%, with highs and lows ranging from $54.94 to $35.00, whereas the simple moving average jumped by 3.98% in the last 200 days.
On June 07, 2024, BTIG Research started tracking OneMain Holdings Inc (NYSE: OMF) recommending Neutral. A report published by Piper Sandler on February 08, 2024, Downgraded its rating to ‘Neutral’ for OMF. Northland Capital also Downgraded OMF shares as ‘Market Perform’, setting a target price of $49 on the company’s shares in a report dated January 17, 2024. Deutsche Bank Initiated an Buy rating on January 10, 2024, and assigned a price target of $68. Barclays initiated its ‘Overweight’ rating for OMF, as published in its report on November 15, 2023. TD Cowen’s report from November 01, 2023 suggests a price prediction of $43 for OMF shares, giving the stock a ‘Outperform’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of OneMain Holdings Inc (OMF)
With OMF’s current dividend of $4.08 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 7.91%, showing a positive trend in the upcoming months.
OneMain Holdings Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 18.84% is sufficient for you to turn a profit off your investment.
The average volume for any stock is also a very valuable indicator of volatility, and OMF has an average volume of 979.42K. On a monthly basis, the volatility of the stock is set at 2.92%, whereas on a weekly basis, it is put at 2.77%, with a gain of 12.98% over the past seven days. Furthermore, long-term investors anticipate a median target price of $57.18, showing growth from the present price of $50.15, which can serve as yet another indication of whether OMF is worth investing in or should be passed over.
How Do You Analyze OneMain Holdings Inc Shares?
Credit Services giant OneMain Holdings Inc (OMF) is based in the USA and is one of the largest companies in the market. When comparing OneMain Holdings Inc shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.32, there is a growth in quarterly earnings of -30.80%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.64%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 86.97% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OMF shares are owned by institutional investors to the tune of 86.97% at present.
