Zacks Rating on Ocwen Financial Corporation (OCN)

Ocwen Financial Corporation (OCN) : 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ocwen Financial Corporation (OCN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Ocwen Financial Corporation (OCN) : 3 investment research analysts covering Ocwen Financial Corporation (OCN) have an average price target of $4.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $2 for the short term. Analysts expect the variance to be within $3.21 of the average price.


Shares of Ocwen Financial Corp. rose by 0.3% in the last five trading days and 97.02% for the last 4 weeks. Ocwen Financial Corp. is up 91.33% in the last 3-month period. Year-to-Date the stock performance stands at -52.51%. Ocwen Financial Corporation (NYSE:OCN): stock turned positive on Tuesday. Though the stock opened at $3.2, the bulls momentum made the stock top out at $3.35 level for the day. The stock recorded a low of $3.13 and closed the trading day at $3.31, in the green by 3.44%. The total traded volume for the day was 1,760,260. The stock had closed at $3.2 in the previous days trading.

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.

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