Janney Montgomery Downgrades OneMain Holdings, Inc to Hold

By Austin Angelo

In a report released today, John Rowan from Janney Montgomery downgraded OneMain Holdings, Inc (NASDAQ: OMF) to Hold. The company’s shares closed yesterday at $27.57.

According to TipRanks.com, Rowan is a 2-star analyst with an average return of -2.1% and a 37.5% success rate. Rowan covers the Financial sector, focusing on stocks such as Consumer Portfolio Services, Credit Acceptance Corp., and Santander Consumer USA.

Currently, the analyst consensus on OneMain Holdings, Inc is Moderate Buy and the average price target is $35.50, representing a 28.8% upside.

In a report released today, KBW also downgraded the stock to Hold with a $24 price target.

Based on OneMain Holdings, Inc’s latest earnings report from June 30, the company posted quarterly revenue of $919M and quarterly net profit of $26M. In comparison, last year the company earned revenue of $479M and had a net profit of -$11M.

OneMain Holdings, Inc. is a finance company, which engages in the provision of lending services. It operates through the following segments: Consumer and Insurance; Acquisitions and Servicing; Real Estate; and Other. It offers personal and auto loans, insurance, and property financing services. The company was founded on August 5, 2013 and is headquartered in Evansville, IN.