.jpg "OneMain Holdings Inc (NASDAQ: OMF)")
Credit Suisse analyst Moshe Orenbuch maintained a Buy rating on OneMain Holdings Inc (NASDAQ: OMF) today and set a price target of $45. The company’s shares opened today at $33.68.
Orenbuch commented:
“We note that the progression of cumulative loss rate has been consistent for the past 13 months. All revolving ODARTs (ODART 2017-1 and 2017-2) had $722K of losses in May, and an annualized monthly loss rate of 0.97% (+5 bps m/m), as ODART 2017-2 continues to season (loss rate of 0.54% in May, +25 bps m/m).”
According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 13.8% and a 74.5% success rate. Orenbuch covers the Financial sector, focusing on stocks such as Curo Group Holdings Corp, Santander Consumer USA, and Synchrony Financial.
OneMain Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $40.
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OneMain Holdings Inc’s market cap is currently $4.55B and has a P/E ratio of 16.67. The company has a Price to Book ratio of 1.35.
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OneMain Holdings, Inc. is a consumer finance company, which engages in the provision of loan products to customers through its nationwide branch network and the internet. It operates through the following segments: Consumer & Insurance, Acquisitions & Servicing, and Real Estate.
