Price Action to Note: Time to Buy OneMain Holdings Inc After Today’s Significant Decline?

Price Action to Note: Time to Buy OneMain Holdings Inc After Today's Significant Decline?

The stock of OneMain Holdings Inc (NYSE:OMF) is a huge mover today! About 8.91 million shares traded hands or 1930.49% 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.
The move comes after 6 months negative chart setup for the $2.32B company. It was reported on Nov, 8 by Barchart.com. We have $16.19 PT which if reached, will make NYSE:OMF worth $116.00M less.

Analysts await OneMain Holdings Inc (NYSE:OMF) to report earnings on November, 14. They expect $1.07 EPS, up 114.00% or $0.57 from last year’s $0.5 per share. OMF’s profit will be $146.14 million for 3.99 P/E if the $1.07 EPS becomes a reality. After $1.46 actual EPS 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 earned “Neutral” rating on Friday, February 26 by Compass Point. Citigroup reinitiated the shares of OMF in a report on Tuesday, December 1 with “Buy” rating. The firm has “Outperform” rating given on Friday, February 26 by FBR Capital. On Monday, December 21 the stock rating was reinitiated by Credit Suisse with “Outperform”. The stock of OneMain Holdings Inc (NYSE:OMF) has “Mkt Perform” rating given on Tuesday, November 8 by FBR Capital. The firm has “Overweight” rating given on Friday, February 26 by Barclays Capital. Wedbush initiated OneMain Holdings Inc (NYSE:OMF) on Tuesday, October 11 with “Outperform” rating. The stock has “Overweight” rating given by JP Morgan on Monday, September 12.

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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