Ocwen Financial Corporation NEW with ticker code (OCN) now have 3 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 50 and 35 with a mean TP of 42.67. With the stocks previous close at 24.97 this is indicating there is a potential upside of 70.9%. The 50 day MA is 33.91 and the 200 moving average now moves to 31.69. The market capitalisation for the company is $233m. Company Website: https://www.ocwen.com
The potential market cap would be $398m 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, luding 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.
