Ocwen Financial Corporation (OCN) Trading 0.3% Higher


Ocwen Financial Corporation (NYSE:OCN) shares traded up 0.3% during trading on Friday . The stock traded as high as $3.43 and last traded at $3.35, with a volume of 1,782,633 shares trading hands. The stock had previously closed at $3.34.
Several research analysts recently commented on the company. Piper Jaffray Cos. reduced their price objective on Ocwen Financial Corporation from $2.50 to $2.00 and set a “neutral” rating for the company in a research note on Monday, August 8th. Oppenheimer Holdings Inc. reissued a “” rating on shares of Ocwen Financial Corporation in a research note on Tuesday, August 2nd. Finally, Keefe, Bruyette & Woods cut their target price on Ocwen Financial Corporation from $5.00 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, July 28th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $3.93.
The firm has a 50-day moving average price of $2.81 and a 200-day moving average price of $2.42. The firm’s market capitalization is $415.35 million.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/09/ocwen-financial-corporation-ocn-trading-0-3-higher.html

Ocwen Financial Corporation (NYSE:OCN) last posted its earnings results on Wednesday, July 27th. The company reported ($0.71) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.43) by $0.28. The firm had revenue of $373.05 million for the quarter, compared to analysts’ expectations of $324.05 million. Ocwen Financial Corporation had a negative return on equity of 31.51% and a negative net margin of 33.29%. The firm’s revenue for the quarter was down 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities analysts predict that Ocwen Financial Corporation will post ($2.24) earnings per share for the current year.
About Ocwen Financial Corporation
Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, operates as a mortgage company. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its core residential servicing business.

Receive News & Ratings for Ocwen Financial Corporation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ocwen Financial Corporation and related companies with MarketBeat.com’s FREE daily email newsletter.

Be the first to comment on "Ocwen Financial Corporation (OCN) Trading 0.3% Higher"

Leave a comment

Your email address will not be published.