Ocwen Financial Corporation NEW found using ticker (OCN) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 50 and 33 and has a mean target at 39.33. Now with the previous closing price of 25.01 this is indicating there is a potential upside of 57.3%. There is a 50 day moving average of 23.17 and the 200 moving average now moves to 30.04. The market capitalisation for the company is $213m. Company Website: https://www.ocwen.com
The potential market cap would be $334m 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.
