Ocwen Financial Corporation NEW with ticker code (OCN) have now 3 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 50 and 35 and has a mean target at 41.67. Now with the previous closing price of 29.52 this would imply there is a potential upside of 41.2%. There is a 50 day moving average of 33.69 while the 200 day moving average is 30.48. The market cap for the company is $214m. Company Website: https://www.ocwen.com
The potential market cap would be $303m based on the market concensus.
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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. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.