Onity Group (NYSE:ONIT) PT Raised to $35.00 at Keefe, Bruyette & Woods

Onity Group (NYSE:ONIT) had its price objective hoisted by equities research analysts at Keefe, Bruyette & Woods from $33.00 to $35.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 42.16% from the stock’s current price.

Onity Group Stock Down 0.1 %

Shares of Onity Group stock opened at $24.62 on Tuesday. The company has a market cap of $192.28 million, a price-to-earnings ratio of 46.45 and a beta of 1.84. The company has a debt-to-equity ratio of 21.76, a current ratio of 21.72 and a quick ratio of 21.72. Onity Group has a 12-month low of $21.15 and a 12-month high of $33.79.

Onity Group (NYSE:ONIT) last announced its earnings results on Thursday, August 1st. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $2.70. The firm had revenue of $246.40 million during the quarter, compared to analysts’ expectations of $273.64 million. Onity Group had a return on equity of 15.72% and a net margin of 0.16%. During the same quarter in the prior year, the business earned $1.04 earnings per share.

About Onity Group

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.