IT&Software

Ocwen Financial Corporation (NYSE:OCN) Touching Most Active List

Ocwen Financial Corporation (NYSE:OCN) Touching Most Active List

Six investment analysts have rated the stock with a hold rating, Ocwen Financial Corp presently has a consensus rating of "Hold" and a consensus target price of $4.19. Compass Point restated a neutral rating on shares of Ocwen Financial Corp in a report on Thursday, January 12th.

Stock on New Residential Corp. has also jumped following the acquisition announcement, rising more than 3 percent just this week; it now sits at $16.90 per share. In our current pick, Ocwen Financial Corp.

Ocwen Financial Corporation's short ratio is at 2.89 and the float short is at 15.45%.

Ocwen Financial Corp (NYSE:OCN) traded down 5.69% during trading on Wednesday, hitting $2.82. A rating of 4 or 5 would represent a Sell recommendation. Price Target plays a critical role when it comes to the analysis of a Stock.

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If we look at stock performance in last active day trading, we see that stock has moved climbs 10.26% to end the day at $1.29. The Price to Sales (P/S) ratio of the stock is 1.02, while P/B (Price to Book) stands at 8.17. Sometimes it may seem like it, but analysts don't just pull their price targets out of thin air. On April 20, 2017, the Consumer Financial Protection Bureau sued Ocwen for various violations of federal consumer financial laws that have harmed borrowers.

10/22/2014 - Ocwen Financial Corporation was downgraded to " by analysts at Evercore ISI. There is no concrete way to calculate a price target. They now have a United States dollars 54 price target on the stock.

Ocwen Financial Corp. (OCN)'s distance from 200 day simple moving average is -27.37 percent, its distance from 50 day simple moving average is -32.73 percent, while its distance from 20 day simple moving average is -28.38 percent. The 1-year High price of the stock is $6.39, while the 1-year low price is $4.45. AlphaOne also assigned media headlines about the financial services provider an impact score of 81 out of 100, indicating that recent press coverage is very likely to have an impact on the company's share price in the near term. The Company, through its subsidiaries, originates and services loans.

Ocwen Financial Corporation is a financial services holding company. The Company's Servicing segment consists of its residential servicing business. The proposed new agreement relates to approximately $117 billion in mortgage servicing rights (MSRs), and would convert New Residential's existing rights to MSRs to fully-owned MSRs. The company's market cap is $377.15 Million, and the average volume is 855.53 Million. Its servicing clients include some of the financial institutions in the United States, including the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), the Government National Mortgage Association (Ginnie Mae) and non-Agency residential mortgage-backed securities (RMBS) trusts. Oppenheimer Holdings Inc. reissued a "hold" rating on shares of Ocwen Financial Corp in a research note on Saturday, February 25th.


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