Ocwen Financial Corporation (OCN) has an average broker rating of 3, which is interpreted as a Hold, as rated by 5 equity analysts. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Ocwen Financial Corporation (OCN) : 3 investment research analysts covering Ocwen Financial Corporation (OCN) have an average price target of $4.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $3 for the short term. Analysts expect the variance to be within $3.04 of the average price.
Company shares have received an average consensus rating of Hold for the current week Ocwen Financial Corporation (NYSE:OCN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.91 and $2.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.01, notching a gain of 4.51% for the day. The total traded volume was 5,777,476 . The stock had closed at $2.88 on the previous day.
In a related news, Kumbar Otto J, officer (EVP, Lending) of Ocwen Financial Corp, had purchased 50,000 shares on March 11, 2016. The total value of the transaction was $146,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Ocwen Financial Corporation (Ocwen) is a financial services holding company. The Company, through its subsidiaries operates as a mortgage company. The Company operates in segments, including Servicing and Lending. The Companys Servicing business consists of its residential mortgage servicing business. The Servicing involves the collection and remittance of principal and interest payments received from borrowers, the administration of mortgage escrow accounts, the collection of insurance claims, the management of loans that are delinquent or in foreclosure or bankruptcy. In the Companys Lending business, it originates and purchases conventional and government-insured forward mortgage loans through the direct, wholesale and correspondent lending channels of its Homeward operations.