Last Updated: 11 Nov 2024
Executive Summary
OneMain Holdings Inc. (OMF) is a consumer finance and insurance company with a market capitalization of $6.57 billion. The company's stock is currently trading at $55.01, within its 52-week range of $35.43 to $55.40. Analysts have a consensus Strong Buy rating on the stock, with an average target price of $58.
Company Overview
OneMain Holdings provides personal loans, auto loans, and insurance products to consumers with non-prime credit. The company operates through a network of over 1,400 branches in 44 states. OneMain has a long history of profitability and has consistently increased its dividends over the past several years.
Fundamental Analysis
OneMain Holdings has a strong financial profile. The company has a trailing price-to-earnings (PE) ratio of 12.06, which is below the industry average. The company also has a strong balance sheet, with low levels of debt and ample liquidity.
OneMain's revenue has grown steadily in recent years, and the company is expected to continue to grow in the future. The company's earnings per share (EPS) is expected to grow by 10% in 2023 and 12% in 2024.
Technical Analysis
OneMain Holdings' stock is currently in a bullish trend. The stock has broken above its 50-day and 200-day moving averages, and it is trading near its 52-week high. The stock's relative strength index (RSI) is also in bullish territory.
Short Term Outlook
OneMain Holdings' stock is expected to continue to perform well in the short term. The stock is trading at a discount to its fair value, and it has a strong technical outlook. The company's earnings are expected to grow in the future, which should support the stock price.
Long Term Outlook
OneMain Holdings is a well-positioned company with a strong track record of profitability and growth. The company's focus on the non-prime lending market gives it a competitive advantage. OneMain is expected to continue to grow in the future, and the stock is a good long-term investment.
Analyst Recommendations
Analysts have a consensus Strong Buy rating on OneMain Holdings' stock. The average target price is $58, which represents a potential upside of 5.4% from the current price.
