OneMain Holdings Assigned ‘Moderate Buy’ Rating as Consumer Finance Company Grows

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ONEMAIN ($NYSE:OMF): OneMain Holdings, Inc. is a leading consumer finance company that specializes in the origination, underwriting, and servicing of personal loans. This growth has recently earned the company a “Moderate Buy” consensus recommendation from analysts. Furthermore, OneMain Holdings has been able to make a name for itself in the consumer finance industry due to its commitment to customer service, as well as its focus on building relationships with its clients. The company works with a variety of customers, ranging from those who have limited credit to those with more established credit profiles. With its flexible loan solutions, OneMain Holdings is able to provide a range of loan options, allowing customers to find a loan that best meets their individual needs. The company’s commitment to customer service and relationship building is also evident in its efforts to create an environment at its branch locations that is both welcoming and comfortable for customers.

OneMain Holdings offers a variety of services in addition to loan origination and underwriting, such as financial education and budgeting assistance. These services are designed to help customers establish and maintain healthy financial habits. Given the company’s strong market position and commitment to customer service, analysts have assigned a “Moderate Buy” consensus recommendation to OneMain Holdings. This rating reflects the company’s impressive growth and potential for further success. With its comprehensive loan solutions and dedication to excellent customer service, OneMain Holdings is well-positioned to continue to be a leader in the consumer finance industry.

Price History

On Tuesday, analysts assigned a ‘Moderate Buy’ rating to ONEMAIN HOLDINGS stock as the consumer finance company continues to grow. The stock opened at $38.7 and closed at $37.0, indicating a decrease of 4.9% from its last closing price of 38.9. Analysts are expecting the company to further capitalize on its strong presence in the consumer finance industry and capitalize on its recent expansion into new markets. With its current market share, financial strength, and operational efficiency, ONEMAIN HOLDINGS is primed for continued success. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

GoodWhale conducted an analysis of ONEMAIN HOLDINGS‘ wellbeing and found that it has a moderate health score of 5/10. Our star chart shows that ONEMAIN HOLDINGS is strong in dividend, medium in growth and weak in assets and profitability. Our assessment indicates that ONEMAIN HOLDINGS might be able to pay off debt and fund future operations. Based on our analysis, ONEMAIN HOLDINGS is classified as the ‘sloth’, a type of company which has achieved revenue or earnings growth slower than the overall economy. Investors who are looking for steady returns over time may be interested in investing in such a company. Investors who are looking for potential capital appreciation or rapid growth may not find this company appealing. More…

Peers

The company offers a wide range of products and services to meet the needs of its customers. OneMain Holdings Inc has a strong competitive position in the market and is well-positioned to compete against its competitors.

– Nicholas Financial Inc ($NASDAQ:NICK)

Nicholas Financial Inc is a specialty finance company that provides consumer and small business loans through a network of branches and independent loan brokers. The company has a market cap of 44.24M as of 2022. Nicholas Financial Inc operates in two segments: Consumer Finance and Small Business Lending. The Consumer Finance segment offers loans to individuals for personal consumption, such as auto loans, home improvement loans, and loans for other major purchases. The Small Business Lending segment offers loans to small businesses for working capital, equipment financing, and other business purposes.

– Geneva Finance Ltd ($NZSE:GFL)

Geneva Finance Ltd is a New Zealand-based company engaged in the provision of personal finance solutions. The Company offers a range of products and services, including home loans, personal loans, vehicle finance, and insurance products. It operates through a network of branches located across New Zealand.

– Zip Co Ltd ($ASX:ZIP)

Zip Co Ltd is an Australian financial technology company that offers buy now, pay later services. The company has a market capitalization of 875.04 million as of 2022 and a return on equity of -21.16%. Zip Co Ltd offers its services through a mobile app and a website. The company was founded in 2013 and is headquartered in Sydney, Australia.

Summary

OneMain Holdings, Inc. is a widely known consumer finance company that specializes in offering personal loans. Analysts currently have a consensus recommendation of ‘Moderate Buy’ for the stock, but on the same day, the price of the stock moved down slightly. As an investor, it is important to consider the company’s financial health, competitive position in the market, and outlook for future returns when evaluating the stock. Analyzing past performance, future projections, and current news releases may help determine if buying this stock is a good decision.