
ONIT Stock Forecast & Price Target
ONIT Analyst Ratings
Bulls say
Onity Group Inc. is strategically positioned for growth, reflected in a projected reversal of the DTA valuation allowance expected by year-end, which could contribute approximately $22 per share to its book value. The company has experienced significant operational improvements, with consumer direct volumes increasing 29% sequentially to $384 million, alongside stable margins which rose slightly to 321 basis points. Additionally, Onity Group reported a 34% quarter-over-quarter increase in funded volume, reaching $9.4 billion, denoting strong demand and effective service delivery.
Bears say
Onity Group's origination segment, while achieving positive adjusted pre-tax income for the eighth consecutive quarter, experienced a slight decline quarter-over-quarter from $10 million to $9 million. Additionally, the reverse mortgage volume declined by 6% quarter-over-quarter, dropping to $166 million, accompanied by a decrease in segment margins from 392 basis points to 367 basis points. Furthermore, financial projections for fiscal years 2025 through 2027 reflect declining estimates, indicating a concerning trend for pre-tax adjusted return on equity, which remains modest at 16.3% to 17%.
This aggregate rating is based on analysts' research of Onity Group Inc and is not a guaranteed prediction by Public.com or investment advice.
ONIT Analyst Forecast & Price Prediction
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