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Zacks Investment Research downgraded Ocwen Financial Corp (NYSE:OCN) to Hold in a report released today.

Zacks Investment Research has downgraded Ocwen Financial Corp (NYSE:OCN) to Hold in a report released on 6/05/2017.

Just yesterday Ocwen Financial Corp (NYSE:OCN) traded -0.27% lower at $2.69. Ocwen Financial Corp’s 50-day moving average is $3.23 and its 200-day moving average is $3.11. The last stock price is down 16.87% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 569,682 shares of OCN traded hands, down from an average trading volume of 1,238,130

Recent Performance Chart

Ocwen Financial Corp (NYSE:OCN)

Ocwen Financial Corp has 52 week low of $2.12 and a 52 week high of $6.15 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokerages have issued a ratings update on the company. The average stock price target is $3.60 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

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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