Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Onity Group (NYSE:ONIT) Stock

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

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

Onity Group Stock Performance

ONIT opened at $30.07 on Tuesday. The company has a market capitalization of $236.65 million, a price-to-earnings ratio of 19.91 and a beta of 1.85. The company has a debt-to-equity ratio of 20.28, a quick ratio of 24.04 and a current ratio of 26.46. Onity Group has a fifty-two week low of $22.40 and a fifty-two week high of $36.91. The firm’s 50-day moving average is $30.03.

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.