While OneMain Holdings Inc has underperformed by -0.58%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OMF rose by 22.40%, with highs and lows ranging from $54.94 to $35.00, whereas the simple moving average fell by -0.93% in the last 200 days.
On October 08, 2024, Barclays Downgraded OneMain Holdings Inc (NYSE: OMF) to Equal Weight. A report published by BTIG Research on June 07, 2024, Initiated its previous ‘Neutral’ rating for OMF. Piper Sandler also Downgraded OMF shares as ‘Neutral’, setting a target price of $49 on the company’s shares in a report dated February 08, 2024. Northland Capital January 17, 2024d the rating to Market Perform on January 17, 2024, and set its price target from $46 to $49. Deutsche Bank initiated its ‘Buy’ rating for OMF, as published in its report on January 10, 2024. Barclays’s report from November 15, 2023 suggests a price prediction of $51 for OMF shares, giving the stock a ‘Overweight’ rating. TD Cowen also rated the stock as ‘Outperform’.
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Analysis of OneMain Holdings Inc (OMF)
The current dividend for OMF investors is set at $4.08 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 7.91%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of OneMain Holdings Inc’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and OMF is recording an average volume of 1.04M. On a monthly basis, the volatility of the stock is set at 2.51%, whereas on a weekly basis, it is put at 2.18%, with a gain of 4.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $55.42, showing growth from the present price of $47.75, 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?
OneMain Holdings Inc (OMF) is based in the USA and is one of the most prominent companies operating in the Credit Services 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 9.82, there is a growth in quarterly earnings of -30.80%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 0.63%. 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 86.55% 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 86.55% at present.
