BTIG Research Upgrades Onity Group (NYSE:ONIT) to Buy

BTIG Research upgraded shares of Onity Group (NYSE:ONIT) from a neutral rating to a buy rating in a research note released on Monday, MarketBeat reports. BTIG Research currently has $40.00 price target on the stock.

Several other equities research analysts have also issued reports on ONIT. Keefe, Bruyette & Woods increased their price objective on shares of Onity Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. B. Riley raised shares of Onity Group to a “strong-buy” rating in a report on Tuesday, August 13th.

Onity Group Stock Up 0.2 %

Onity Group stock opened at $33.08 on Monday. Onity Group has a 52-week low of $22.40 and a 52-week high of $36.91. The stock has a fifty day simple moving average of $30.64. The firm has a market capitalization of $260.34 million, a price-to-earnings ratio of 21.91 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.

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.