Ocwen Financial Corporation NEW with ticker code (OCN) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘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. Given that the stocks previous close was at 33.4 this now indicates there is a potential upside of 24.8%. The 50 day moving average now sits at 27.71 and the 200 day MA is 30.13. The market capitalisation for the company is $332m. Company Website: https://www.ocwen.com
The potential market cap would be $414m based on the market concensus.
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.
