.jpg "OneMain Holdings Inc (NYSE: OMF)")
Northland Securities analyst Michael Grondahl maintained a Hold rating on OneMain Holdings Inc (OMF) today and set a price target of $38. The company’s shares opened today at $34.78.
Grondahl observed:
“We remain at Market Perform with our price target of $38 based on 6.8x our 2019 estimate of $5.62 or about 1.3x book value.”
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 26.5% and a 68.9% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
Currently, the analyst consensus on OneMain Holdings Inc is a Strong Buy with an average price target of $43.20.
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OneMain Holdings Inc’s market cap is currently $4.8B and has a P/E ratio of 10.76. The company has a Price to Book ratio of 1.26.
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OneMain Holdings, Inc. is a consumer finance company, which provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. It operates through the following two segments: Consumer & Insurance and Acquisitions & Servicing, The Consumer & Insurance segment is comprised of service secured and unsecured personal loans and voluntary credit and non-credit insurance and related products through its combined branch network, digital platform, and centralized operations. The Acquisition & Services segment engages in providing services SpringCastle portfolio which was acquired through joint venture. The company was founded on August 5, 2013 and is headquartered in Evansville, IN.
