Notable Price Action: Is OneMain Holdings Inc a Sell? The Stock Reaches All-Time Low Today

Notable Price Action: Is OneMain Holdings Inc a Sell? The Stock Reaches All Time Low Today

The stock of OneMain Holdings Inc (NYSE:OMF) reached all time low today, Nov, 8 and still has $15.45 target or 9.00% below today’s $16.98 share price. This indicates more downside for the $2.26B company. This technical setup was reported by Barchart.com. If the $15.45 PT is reached, the company will be worth $203.40 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 4.92M shares traded hands or 1021.21% up from the average. OneMain Holdings Inc (NYSE:OMF) has risen 9.08% since April 5, 2016 and is uptrending. It has outperformed by 7.13% the S&P500.

Analysts await OneMain Holdings Inc (NYSE:OMF) to report earnings on November, 14. They expect $1.07 earnings per share, up 114.00% or $0.57 from last year’s $0.5 per share. OMF’s profit will be $142.41M for 3.97 P/E if the $1.07 EPS becomes a reality. After $1.46 actual earnings per share reported by OneMain Holdings Inc for the previous quarter, Wall Street now forecasts -26.71% negative EPS growth.

OneMain Holdings Inc (NYSE:OMF) Ratings Coverage

Out of 8 analysts covering OneMain Holdings (NYSE:OMF), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. OneMain Holdings has been the topic of 9 analyst reports since December 1, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by JP Morgan given on Monday, September 12. The stock of OneMain Holdings Inc (NYSE:OMF) earned “Outperform” rating by Credit Suisse on Monday, December 21. Compass Point downgraded the shares of OMF in a report on Friday, February 26 to “Neutral” rating. The stock of OneMain Holdings Inc (NYSE:OMF) earned “Buy” rating by Citigroup on Tuesday, December 1. The company was initiated on Tuesday, October 11 by Wedbush. The firm has “Outperform” rating by FBR Capital given on Friday, February 26. The company was initiated on Friday, February 26 by Barclays Capital. The stock of OneMain Holdings Inc (NYSE:OMF) has “Mkt Perform” rating given on Tuesday, November 8 by FBR Capital.

According to Zacks Investment Research, “OneMain Holdings Inc. is a consumer financial services holding company. The Company’s operating segments consists of Consumer and Insurance, Acquisitions and Servicing and Real Estate. OneMain Holdings Inc., formerly known as Springleaf Holdings, Inc. is based in Evansville, United States.”

More important recent OneMain Holdings Inc (NYSE:OMF) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on December 01, 2015, also Seekingalpha.com published article titled: “OneMain Holdings’ (OMF) CEO Jay Levine on Q3 2016 Results – Earnings Call …”, Businesswire.com published: “Springleaf Holdings Announces Closing of OneMain Acquisition and Ticker Symbol …” on November 16, 2015. More interesting news about OneMain Holdings Inc (NYSE:OMF) was released by: Businesswire.com and their article: “OneMain Holdings, Inc. Closes Previously Announced Branch Sale to Lendmark” with publication date: May 02, 2016.

OMF Company Profile

OneMain Holdings, Inc., formerly Springleaf Holdings, Inc., incorporated on August 5, 2013, is a financial services holding company. The Firm provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures. The Firm operates through three divisions: Consumer and Insurance; Acquisitions and Servicing, and Real Estate. The Company’s subsidiaries include Springleaf Finance, Inc. (SFI) and Independence Holdings, LLC (Independence). SFI’s principal subsidiary is Springleaf Finance Corporation (SFC), and Independence’s principal subsidiary is OneMain Financial Holdings, LLC (OMFH). SFC and OMFH are financial services holding companies with subsidiaries engaged in the consumer finance and insurance businesses.

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