Price Action Report: OneMain Holdings Inc on Focus After Raising In Today’s Session

Price Action Report: OneMain Holdings Inc on Focus After Raising In Today's Session

The stock of OneMain Holdings Inc (NYSE:OMF) is a huge mover today! About 414,719 shares traded hands. OneMain Holdings Inc (NYSE:OMF) has declined 39.06% since April 27, 2016 and is downtrending. It has underperformed by 44.28% the S&P500.
The move comes after 5 months positive chart setup for the $2.69B company. It was reported on Nov, 30 by Barchart.com. We have $22.01 PT which if reached, will make NYSE:OMF worth $242.10 million more.

Analysts await OneMain Holdings Inc (NYSE:OMF) to report earnings on February, 23. They expect $0.80 EPS, up 3.90% or $0.03 from last year’s $0.77 per share. OMF’s profit will be $106.59M for 6.31 P/E if the $0.80 EPS becomes a reality. After $0.90 actual EPS reported by OneMain Holdings Inc for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

OneMain Holdings Inc (NYSE:OMF) Ratings Coverage

Out of 10 analysts covering OneMain Holdings (NYSE:OMF), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. OneMain Holdings has been the topic of 13 analyst reports since December 1, 2015 according to StockzIntelligence Inc. Credit Suisse reinitiated the shares of OMF in a report on Monday, December 21 with “Outperform” rating. JP Morgan initiated the shares of OMF in a report on Monday, September 12 with “Overweight” rating. On Friday, February 26 the stock rating was initiated by Barclays Capital with “Overweight”. Citigroup reinitiated the shares of OMF in a report on Tuesday, December 1 with “Buy” rating. The firm earned “Underperform” rating on Tuesday, November 8 by Bank of America. The firm earned “Neutral” rating on Friday, February 26 by Compass Point. The firm earned “Neutral” rating on Tuesday, November 8 by Guggenheim. Wedbush initiated OneMain Holdings Inc (NYSE:OMF) rating on Tuesday, October 11. Wedbush has “Outperform” rating and $45 price target. The firm earned “Outperform” rating on Friday, February 26 by FBR Capital. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, November 8.

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.”

Another recent and important OneMain Holdings Inc (NYSE:OMF) news was published by Fool.com which published an article titled: “Why Shares of OneMain Holdings Inc Are Cratering Today” on November 08, 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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