Richard Shane, an analyst from J.P. Morgan, maintained the Buy rating on OneMain Holdings. The associated price target remains the same with $63.00.
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Richard Shane has given his Buy rating due to a combination of factors influencing OneMain Holdings’ financial outlook. The company reported a second-quarter adjusted earnings per share (EPS) of $1.45, surpassing both J.P. Morgan’s estimate of $1.20 and the consensus estimate of $1.23. Additionally, OneMain Holdings showed improvement in credit quality metrics, with net charge-offs and delinquency rates better than expected, indicating strong credit performance.
Furthermore, OneMain Holdings updated its 2025 guidance, projecting revenue growth at the higher end of its previous range. The company’s price target for December 2026 remains at $63, based on a 6.50x multiple of the 2027 adjusted EPS estimate of $9.73, which suggests a 12.2% annualized total return, including dividends. These positive financial indicators and projections underpin Richard Shane’s confidence in the stock’s potential, leading to the Buy rating.
Shane covers the Financial sector, focusing on stocks such as Capital One Financial, OneMain Holdings, and American Express. According to TipRanks, Shane has an average return of 11.7% and a 67.53% success rate on recommended stocks.
In another report released on July 25, Bank of America Securities also reiterated a Buy rating on the stock with a $65.00 price target.