Share on StockTwits
 

Ocwen Financial Corp (NYSE:OCN)‘s stock had its “buy” rating reiterated by analysts at Compass Point in a research report issued to clients and investors on Friday.

Shares of Ocwen Financial Corp (NYSE:OCN) opened at 38.40 on Friday. Ocwen Financial Corp has a 52 week low of $31.31 and a 52 week high of $60.18. The stock’s 50-day moving average is $34.92 and its 200-day moving average is $41.88. The company has a market cap of $5.179 billion and a price-to-earnings ratio of 16.81.

Ocwen Financial Corp (NYSE:OCN) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by $0.44. The company had revenue of $551.30 million for the quarter, compared to the consensus estimate of $570.58 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 46.7% on a year-over-year basis. On average, analysts predict that Ocwen Financial Corp will post $3.33 earnings per share for the current fiscal year.

A number of other firms have also recently commented on OCN. Analysts at Zacks downgraded shares of Ocwen Financial Corp from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 21st. They now have a $30.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Ocwen Financial Corp in a research note on Friday, May 2nd. They now have a $42.00 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Ocwen Financial Corp from $52.00 to $42.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $46.71.

Ocwen Financial Corporation is a financial services holding company. The Company is engaged in the servicing and origination of mortgage loans.

Stay on top of analysts' upgrades and downgrades with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' ratings changes. Register Now.