Analysts Offer Insights on Financial Companies: Old National Bancorp Capital (ONB) and The RMR Group Inc (RMR)


Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Old National Bancorp Capital (ONB) and The RMR Group Inc (RMR).

Old National Bancorp Capital (ONB)

Boenning & Scattergood analyst Scott Beury reiterated a Buy rating on Old National Bancorp Capital today and set a price target of $17.50. The company’s shares opened today at $16.10.

Beury observed:

“We are reducing our target price to $17.50 ($19.25 prior) primarily due to the recent pullback in bank stock valuations, and to a lesser degree, a decrease to our 2019 and 2020 EPS estimates.”

According to TipRanks.com, Beury is a 2-star analyst with an average return of 0.0% and a 41.7% success rate. Beury covers the Financial sector, focusing on stocks such as Farmers National Banc Corp Oh, Independent Bank Corporation, and Chemical Financial Corp.

Old National Bancorp Capital has an analyst consensus of Moderate Buy, with a price target consensus of $18.75.

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The RMR Group Inc (RMR)

Oppenheimer analyst Chris Kotowski maintained a Hold rating on The RMR Group Inc today. The company’s shares opened today at $62.84.

Kotowski wrote:

“Recently RMR announced that it generated a total of $120.1M incentive fees ($2.83 per share) from its it was substantially higher than the $33M we had estimated after the company’s F4Q18 earnings on December 3, 2018. We believe the dramatic turnaround was largely driven by the “final share price” calculation that turned two Managed REITs, SNH and SIR, from underperformance to outperformance relative to their benchmarks and HPT to higher outperformance. While the incentive fees were massive last year, we currently expect RMR won’t earn incentive fees in CY2019 and will only generate $29M in CY2020; therefore, we continue to remain on the sidelines.”

According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 8.8% and a 59.0% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Fidus Investment Corporation.

The RMR Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $91.

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