Keefe, Bruyette & Woods Issues Positive Forecast for Onity Group (NYSE:ONIT) Stock Price

Onity Group (NYSE:ONIT) had its target price raised by Keefe, Bruyette & Woods from $40.00 to $45.00 in a research report report published on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Separately, B. Riley upgraded shares of Onity Group to a “strong-buy” rating in a research note on Tuesday, August 13th.

Onity Group Trading Down 0.3 %

Shares of ONIT stock opened at $30.36 on Tuesday. The firm has a market capitalization of $238.93 million, a P/E ratio of 20.11 and a beta of 1.85. The company has a current ratio of 26.46, a quick ratio of 24.04 and a debt-to-equity ratio of 20.28. The stock’s fifty day moving average price is $29.94. Onity Group has a 12 month low of $22.40 and a 12 month high of $36.91.

Onity Group Company Profile

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.