Onity Group (NYSE:ONIT) Price Target Raised to $45.00

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

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

Onity Group Trading Down 0.3 %

Shares of ONIT opened at $30.36 on Tuesday. The firm has a market capitalization of $238.93 million, a price-to-earnings ratio of 20.11 and a beta of 1.85. Onity Group has a 12 month low of $22.40 and a 12 month high of $36.91. The firm has a 50 day simple moving average of $29.94. The company has a debt-to-equity ratio of 20.28, a quick ratio of 24.04 and a current ratio of 26.46.

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.