Ocwen Financial Corporation (OCN) : 5 analysts are covering Ocwen Financial Corporation (OCN) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Ocwen Financial Corporation (OCN) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $3. The average forecast of all the analysts is $5.25 and the expected standard deviation is $3.89.
Ocwen Financial Corporation (NYSE:OCN): The stock opened at $1.51 on Wednesday but the bulls could not build on the opening and the stock topped out at $1.57 for the day. The stock traded down to $1.46 during the day, due to lack of any buying support eventually closed down at $1.52 with a loss of -0.65% for the day. The stock had closed at $1.53 on the previous day. The total traded volume was 1,612,319 shares.
The company shares have dropped -84.42% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $11.82 and the one year low was seen on Jul 5, 2016. The 50-Day Moving Average price is $1.77 and the 200 Day Moving Average price is recorded at $3.49.
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.