Ocwen Financial Corporation NEW – Consensus Indicates Potential 19.5% Upside

Broker Ratings

Ocwen Financial Corporation NEW with ticker code (OCN) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 50 and 32 calculating the mean target price we have 39.33. Given that the stocks previous close was at 32.9 this is indicating there is a potential upside of 19.5%. The 50 day moving average now sits at 28.72 and the 200 day MA is 29.07. The market capitalisation for the company is $300m. You can visit the company’s website by visiting: http://www.ocwen.com

Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through Servicing and Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans to owners of mortgage loans and foreclosed real estate. The company also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. Ocwen Financial Corporation serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was founded in 1988 and is headquartered in West Palm Beach, Florida.

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