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Onity Group. Inc. (ONIT-N)
NYSE:ONIT
30.22
0.35
(1.14%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 3 opinions in the last 12 months.
Onity Group, Inc. (ONIT-N) has garnered attention from analysts for its solid performance, particularly highlighted by a 23% increase in loan originations reported recently. The company's strategy of managing debt by shifting from high-interest notes to long-term debt is commendable, particularly as it leads to significant annual savings of $14 million. Despite trading below book value and maintaining a reasonable multiple of 22 times earnings, there's potential for notable upside, with price targets ranging from $43.75 to $45. The stock is recommended for disciplined traders, suggesting a trail-up stop-loss adjustment from $29 to $31. Overall, the sentiment indicates confidence in the company's growth trajectory and financial health, making it a notable pick in the non-bank mortgage lending sector.
$30.220
Unknown
We reiterate this non-bank mortgage lender as a TOP PICK. Recently reported earnings showed a 23% increase in loan originations to $8.5 billion. They are adjusting long term debt to reduce their interest payments by $14 million annually. It trades at 21x earnings and under book value. We continue to recommend a stop at $29, looking to achieve $44 -- upside potential of 33%. Yield 0%
(Analysts’ price target is $43.75)ONIT provides direct lending for traditional and reverse mortgages to customers in the US, Philippines and India. We like that cash reserves are staying steady as the company retired higher rate notes in exchange for longer term debt. It trades at 22x earnings, under book value and supports a 21% ROE. We recommend setting a stop-loss at $29, looking to achieve $45 -- upside potential of 34%. Yield 0%
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Onity Group. Inc.(ONIT-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
Onity Group. Inc.(ONIT-N) Frequently Asked Questions
What is Onity Group. Inc. stock symbol?
Onity Group. Inc. is a American stock, trading under the symbol ONIT-N on the New York Stock Exchange (ONIT). It is usually referred to as NYSE:ONIT or ONIT-N
Is Onity Group. Inc. a buy or a sell?
In the last year, 2 stock analysts published opinions about ONIT-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Onity Group. Inc..
Is Onity Group. Inc. a good investment or a top pick?
Onity Group. Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Onity Group. Inc..
Why is Onity Group. Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Onity Group. Inc. worth watching?
In the last year, there was no coverage of Onity Group. Inc. published on Stockchase.
What is Onity Group. Inc. stock price?
On 2025-03-04, Onity Group. Inc. (ONIT-N) stock closed at a price of $30.22.
Our PAST TOP PICK with ONIT has triggered its stop at $31. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 6%, when combined with our previous guidance.