Ocwen Financial Corporation (OCN) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $2. The average forecast of all the analysts is $4.33 and the expected standard deviation is $3.21.
Ocwen Financial Corporation (OCN) : The consensus on Ocwen Financial Corporation (OCN) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Also, In a research note released to the investors, Keefe Bruyette & Woods maintains its rating on Ocwen Financial Corporation (NYSE:OCN).The analysts at the brokerage house have a current rating of Market Perform on the shares. In a recent information released to the investors, Keefe Bruyette & Woods lowers the new price target from $5 per share to $3 per share. The rating by the firm was issued on July 28, 2016.
Ocwen Financial Corporation (NYSE:OCN): The stock opened at $3.62 on Thursday but the bulls could not build on the opening and the stock topped out at $3.62 for the day. The stock traded down to $3.24 during the day, due to lack of any buying support eventually closed down at $3.36 with a loss of -5.62% for the day. The stock had closed at $3.56 on the previous day. The total traded volume was 5,963,059 shares.
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.