BTIG Research upgraded shares of Onity Group (NYSE:ONIT - Free Report) from a neutral rating to a buy rating in a report issued on Monday, MarketBeat reports. The brokerage currently has $40.00 target price on the stock.
Other equities research analysts have also recently issued reports about the stock. B. Riley upgraded shares of Onity Group to a "strong-buy" rating in a research report on Tuesday, August 13th. Keefe, Bruyette & Woods increased their target price on shares of Onity Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th.
View Our Latest Stock Analysis on ONIT
Onity Group Stock Performance
NYSE ONIT traded up $0.06 during mid-day trading on Monday, reaching $33.08. 42,355 shares of the stock were exchanged, compared to its average volume of 20,275. The business has a 50 day simple moving average of $30.62. Onity Group has a 1 year low of $22.40 and a 1 year high of $36.91. The stock has a market cap of $260.34 million, a P/E ratio of 21.87 and a beta of 1.86. The company has a quick ratio of 26.46, a current ratio of 26.46 and a debt-to-equity ratio of 20.28.
About Onity Group
(
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Onity Group Inc, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans.
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