J.P. Morgan analyst Richard Shane maintained a Buy rating on OneMain Holdings (OMF) today and set a price target of $28.00. The company’s shares closed last Wednesday at $26.17.
According to TipRanks.com, Shane is a 5-star analyst with an average return of 8.0% and a 70.1% success rate. Shane covers the Financial sector, focusing on stocks such as Apollo Investment Corp, Capital One Financial, and TPG Specialty Lending.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for OneMain Holdings with a $37.58 average price target, a 54.6% upside from current levels. In a report issued on April 20, Northland Securities also assigned a Buy rating to the stock with a $40.00 price target.
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Based on OneMain Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.02 billion and net profit of $261 million. In comparison, last year the company earned revenue of $883 million and had a net profit of $168 million.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OMF in relation to earlier this year.
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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 the Consumer and Insurance, and Other segments. The Consumer and Insurance segment comprises of service secured and unsecured personal loans, voluntary credit and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations. The Other segment consists of the liquidation of SpringCastle Portfolio activities and non-orginating operations. The company was founded on August 5, 2013 and is headquartered in Evansville, IN.
