Compass Point issued a report on Ocwen Financial Corp (NYSE:OCN), scaling down its target to $3.50 earlier today
- Updated: April 21, 2017
Compass Point bumped down the target of Ocwen Financial Corp (NYSE:OCN) to $3.50 indicating a possible upside of 0.29%.
Previously on 4/11/2017, Keefe Bruyette Woods reported about Ocwen Financial Corp (NYSE:OCN) raised the target price from $0.00 to $5.00. At the time, this indicated a possible downside of -0.08%.
Yesterday Ocwen Financial Corp (NYSE:OCN) traded 7.07% higher at $2.72. The company’s 50-day moving average is $4.95 and its 200-day moving average is $4.92. The last stock close price is down -45.79% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 12,195,617 shares of the stock were exchanged, up from an average trading volume of 4,100,000
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Ocwen Financial Corp has a with a one year low of $1.29 and a one year high of $6.15 Ocwen Financial Corp’s market capitalization is presently $0.
A total of 5 brokerages have issued a ratings update on Ocwen Financial Corp. zero brokerages rating the company a strong buy, 0 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $3.60.
Brief Synopsis On Ocwen Financial Corp (NYSE:OCN)
Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company's segments include Servicing, Lending, and Corporate Items and Other. The Company's Servicing segment consists of its residential servicing business. The Company's Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans. The Company's Corporate Items and Other segment includes revenues and expenses of Automotive Capital Services (ACS) and its other business activities. 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.
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