Ocwen Financial Corp Rating Reiterated by Compass Point (OCN)

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Ocwen Financial Corp (NYSE:OCN)‘s stock had its “positive” rating reaffirmed by Compass Point in a research note issued on Tuesday.

Several other analysts have also recently commented on the stock. Analysts at Vetr upgraded shares of Ocwen Financial Corp from a “buy” rating to a “strong-buy” rating and set a $21.38 price target on the stock in a research note on Thursday, March 26th. Analysts at Citigroup Inc. reiterated a “hold” rating and set a $9.00 price target (down previously from $10.00) on shares of Ocwen Financial Corp in a research note on Wednesday, March 25th. Analysts at Sterne Agee cut their EPS estimates on shares of Ocwen Financial Corp in a research note on Tuesday. Finally, analysts at Zacks upgraded shares of Ocwen Financial Corp from an “underperform” rating to a “neutral” rating and set a $9.00 price target on the stock in a research note on Thursday, February 12th. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.03.

Ocwen Financial Corp (NYSE:OCN) traded up 11.76% during mid-day trading on Tuesday, hitting $9.31. 3,548,149 shares of the company’s stock traded hands. Ocwen Financial Corp has a 52 week low of $5.66 and a 52 week high of $40.44. The stock has a 50-day moving average of $8. and a 200-day moving average of $15.. The company has a market cap of $1.17 billion and a P/E ratio of 6.98.

Ocwen Financial Corporation is a financial services holding company. The Company is engaged in the servicing and origination of mortgage loans. The Company’s Shared Appreciation Modification (NYSE:OCN) incorporates principal reductions and lower payments for borrowers while providing a net present value positive loss mitigation outcome for investors, including the ability to recoup losses if property values increase over time.

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