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Jefferies Thinks OneMain Holdings’ Stock is Going to Recover

Jefferies analyst John Hecht maintained a Buy rating on OneMain Holdings (OMFResearch Report) yesterday and set a price target of $70.00. The company’s shares closed last Tuesday at $36.50, close to its 52-week low of $34.22.

According to TipRanks.com, Hecht is a 5-star analyst with an average return of 9.3% and a 58.5% success rate. Hecht covers the Financial sector, focusing on stocks such as Discover Financial Services, Bread Financial Holdings, and Capital One Financial.

OneMain Holdings has an analyst consensus of Strong Buy, with a price target consensus of $64.78.

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The company has a one-year high of $63.19 and a one-year low of $34.22. Currently, OneMain Holdings has an average volume of 1.32M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OMF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

OneMain Holdings, Inc. is a consumer finance company, which provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. It operates through the following the Consumer and Insurance, and Other segments. The Consumer and Insurance segment comprises of service secured and unsecured personal loans, voluntary credit and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations. The Other segment consists of the liquidation of SpringCastle Portfolio activities and non-orginating operations. The company was founded on August 5, 2013 and is headquartered in Evansville, IN.

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