OneMain Holdings Inc. [OMF] stock Downgrade by Wells Fargo analyst, price target now $40
OneMain Holdings Inc. [NYSE: OMF] The loss was -4.62% or -1.51 points to close at $31.19 with a heavy trading volume of 2,598,627 shares. Company report on September 6, 2022 OneMain and EVERFI are expanding financial wellness efforts with free credit education for students and families.
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OneMain Financial, the leader in providing responsible access to credit for non-privileged clients, today strengthened its innovative financial education program for high school students by adding a new course focused exclusively on understanding, building and managing credit. Build: Credit Fundamentals, created in collaboration with EVERFI, the innovator of social impact education, is the latest addition to the company’s premier financial education program, Credit Worthy from OneMain Financial.
“Understanding creditworthiness and credit is the key to everyone’s long-term financial health. This program will provide students with the tools and information needed to start creating positive credit habits at an early age,” said OneMain President and CEO Doug Schulman. “As a company committed to the personal economic success of our clients, Credit Worthy from OneMain Financial is another example of our efforts to improve the financial well-being of all Americans.”
The trading session opened at $32.50, the shares rose to $32.62 and fell to $30.63, the range in which the share price has traded all day. OMF’s daily chart indicates that the company posted a loss of 31.50% over the past six months. However, it is still 4.5% lower than the most recent trading low.
If we look at the average trading volume of 1.24 million shares, OMF reached a volume of 2598,627 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts are saying about OneMain Holdings Inc. [OMF]:
Based on careful and fact-backed analysis by Wall Street experts, the current consensus on a target price for OMF shares is $51.93 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on OMF stock is a set recommendation at 1.90. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Wells Fargo has made an appreciation for the shares of OneMain Holdings Inc. , retaining their opinion of the stock as Equal Weight, with their previous recommendation back on July 13, 2022. While these analysts held the previous recommendation, Seaport Research Partners raised their target price to neutral. The new note about price target was released on December 02, 2021, which is the official target price for OneMain Holdings Inc stock. Previously, the target price had risen again to $75, while Deutsche Bank analysts maintained a buy rating on OMF stock.
The Average True Range (ATR) is set for OneMain Holdings Inc. at 1.36, with a price-to-sales ratio for OMF stock in the last 12-month period being 0.77. The price-to-book ratio for the last quarter was 1.28, with the price-to-cash-to-cash ratio for the same quarter set at 4.19. The price to OMF free cash flow for the past 12 months was 2.79.
OMF stock trading performance analysis
OneMain Holdings Inc. [OMF] It fell in the red last weekend, fell in a negative direction and fell by -12.34. With this latest performance, OMF shares are down -15.27% over the past four-week period, as well as -31.50% over the past six months – not to mention a -44.02% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for OMF stock for the past two weeks was set at 30.79, with the RSI for the last one trading at 25.09, and the three-week RSI for OneMain Holdings Inc. [OMF]. The current moving average for the last 50 trading days for this stock is 37.36 while it recorded at 33.58 for the last trading week, and 44.25 for the last 200 days.
OneMain Holdings Inc. [OMF]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment is, and OneMain Holdings Inc. [OMF] The stock currently has an operating margin of +55.54 and a gross margin of +85.84. Net margin was reported to OneMain Holdings Inc. Currently at +26.42.
The return on equity for this stock rose to 40.22, with the return on assets remaining at 5.90.
OneMain Holdings Inc. [OMF]Earnings per share (EPS) analysis
The company’s progress can be seen through the prism of EPS growth, while Wall Street analysts focus on forecasting a 5-year EPS growth rate for OMF. When it comes to the stated value, analysts expect 5-year EPS growth to rise for OneMain Holdings Inc. to 20.51%.
Internal Ownership Analysis at OneMain Holdings Inc. [OMF]
There are currently approximately $3,196 million, or 84.80% of OMF’s stock, in the hands of institutional investors. The three largest institutional owners of OMF shares are: VANGUARD GROUP INC with ownership of 13,063,549, which is approximately 5.106% of the company’s market capitalization and about 0.40% of the total institutional ownership; International investors, who own 11,090,050 shares of stock with an approximate value of $345.9 million in OMF stock; and FMR LLC, currently worth $296.62 million in OMF stock with ownership of approximately -6.133% of the company’s market capitalization.
Positions increased in the shares of OneMain Holdings Inc. held by institutional investors at the end of July and at the time of the July report, as 194 institutional owners consolidated their positions in OneMain Holdings Inc. [NYSE:OMF] About 10671421 shares. In addition, the number of 173 investors decreased by 11,550,276 shares, while 28 investors held positions with 80,234,558 shares. The said changes put institutional holdings at 1,02456,255 shares, according to the latest report from the Securities and Exchange Commission. OMF stock had 45 new institutional investors with a total of 4,448,822 shares, while 57 institutional investors sold positions worth 4,811,450 shares during the same period.