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Home โบ Stocks โบ Ocwen Financial Corp (OCN) Stock Forecast & Price Prediction United States | NYSE | Financial Services | Mortgage Finance
$37.84
+0.77 (2.08%)10 Quality Stocks Worth Considering Now
Researching Ocwen (OCN) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 5 Wall Street analysts, OCN has a neutral consensus with a median price target of $40.00 (ranging from $32.00 to $50.00). The overall analyst rating is Buy (7.6/10). Currently trading at $37.84, the median forecast implies a 5.7% upside. This outlook is supported by 0 Buy, 3 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Matt Howlett at B. Riley Securities, projecting a 32.1% upside. Conversely, the most conservative target is provided by Bose George at Keefe, Bruyette & Woods, suggesting a 15.4% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for OCN.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
May 8, 2024 | Keefe, Bruyette & Woods | Bose George | Market Perform | Maintains | $32.00 |
Apr 9, 2024 | Keefe, Bruyette & Woods | Bose George | Market Perform | Maintains | $28.00 |
Mar 26, 2024 | B. Riley Securities | Matt Howlett | Buy | Reiterates | $50.00 |
Apr 21, 2022 | BTIG | Eric Hagen | Neutral | Initiates | $0.00 |
Dec 8, 2021 | B. Riley Securities | Matt Howlett | Buy | Maintains | $56.00 |
Sep 9, 2021 | B. Riley Securities | Buy | Initiates | $0.00 | |
Jun 30, 2021 | Jefferies | Buy | Initiates | $0.00 | |
Apr 21, 2017 | Compass Point | Fred Small | Buy | Upgrade | $3.50 |
Jul 28, 2016 | Keefe, Bruyette & Woods | Market Perform | Maintains | $3.00 | |
Mar 29, 2016 | Citigroup | Neutral | Maintains | $3.00 | |
Aug 3, 2015 | Stifel | Market Perform | Maintains | $8.50 | |
May 5, 2015 | Citigroup | Neutral | Maintains | $11.00 | |
Apr 29, 2015 | Keefe, Bruyette & Woods | Market Perform | Maintains | $10.00 | |
Mar 25, 2015 | Citigroup | Neutral | Maintains | $9.00 | |
Mar 13, 2015 | Citigroup | Neutral | Maintains | $10.00 | |
Feb 27, 2015 | Compass Point | Sell | Downgrade | $7.00 | |
Jan 26, 2015 | Keefe, Bruyette & Woods | Market Perform | Maintains | $12.00 | |
Jan 13, 2015 | Barclays | Equal-Weight | Maintains | $12.00 | |
Jan 5, 2015 | Keefe, Bruyette & Woods | Market Perform | Maintains | $14.00 | |
Dec 29, 2014 | Citigroup | Neutral | Maintains | $15.00 |
The following stocks are similar to Ocwen based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Ocwen Financial Corp has a market capitalization of $195.87M with a P/E ratio of 33.9x. The company generates $1.04B in trailing twelve-month revenue with a 0.6% profit margin.
Revenue growth is -8.7% quarter-over-quarter, while maintaining an operating margin of +56.3% and return on equity of +1.6%.
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Provides mortgage loan origination and servicing.
Ocwen Financial Corporation generates revenue through its Servicing and Originations segments. It earns money by servicing a variety of mortgage loans, including residential and commercial, as well as originating and purchasing loans through partnerships and retail channels.
Founded in 1988 and based in West Palm Beach, Florida, the company operates internationally, including in the United States Virgin Islands, India, and the Philippines. It primarily markets its services under the PHH Mortgage and Liberty Reverse Mortgage brands.
Financial Services
Mortgage Finance
4,400
Mr. Glen A. Messina
United States
1996
Onity Group Inc. (NYSE: ONIT), formerly Ocwen Financial Corporation, has officially rebranded as of June 10, 2024, marking a new phase in its operations as a mortgage servicer and originator.
Onity Group Inc.'s rebranding from Ocwen Financial Corporation signals a strategic shift that could impact market perception, operational focus, and investor sentiment.
PHH Mortgage will rebrand to Onity Mortgage in fall 2024, with a new NYSE trading symbol "ONIT" effective June 10, 2024.
The rebranding to Onity Mortgage and new trading symbol may signal a strategic shift, potentially impacting market perception and investor sentiment towards the company's future growth.
Ocwen Financial Corporation (NYSE: OCN) will hold its Q1 2024 Earnings Conference Call on May 2, 2024, at 8:30 AM ET. Key participants include CEO Glen Messina and CFO Sean O'Neil.
Ocwen's Q1 2024 earnings call provides insights into its financial performance, impacting stock valuation and investor sentiment in the mortgage servicing sector.
Ocwen Financial Corporation (NYSE: OCN) announced its Q1 2024 results and a business update on May 2, 2024, highlighting its position as a leading non-bank mortgage servicer and originator.
Ocwen's Q1 2024 results can indicate its financial health and market performance, affecting stock valuation and investor sentiment in the non-bank mortgage sector.
Ocwen Financial (OCN) reported Q3 earnings of $1.74 per share, surpassing the Zacks estimate of $1.21, a significant improvement from a loss of $0.16 per share a year prior.
Ocwen Financial's strong earnings beat expectations and reversed last year's loss, indicating improved profitability and potential growth, which can positively influence investor sentiment and stock performance.
Ocwen (OCN) is expected to report earnings that may exceed forecasts, driven by strong fundamentals. Investors should stay informed on key expectations ahead of the report.
Ocwen's potential earnings beat signals strong financial performance, which could lead to stock price appreciation and increased investor confidence.
Based on our analysis of 5 Wall Street analysts, Ocwen Financial Corp (OCN) has a median price target of $40.00. The highest price target is $50.00 and the lowest is $32.00.
According to current analyst ratings, OCN has 0 Buy ratings, 3 Hold ratings, and 0 Sell ratings. The stock is currently trading at $37.84. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict OCN stock could reach $40.00 in the next 12 months. This represents a 5.7% increase from the current price of $37.84. Please note that this is a projection by Wall Street analysts and not a guarantee.
Ocwen Financial Corporation generates revenue through its Servicing and Originations segments. It earns money by servicing a variety of mortgage loans, including residential and commercial, as well as originating and purchasing loans through partnerships and retail channels.
The highest price target for OCN is $50.00 from Matt Howlett at B. Riley Securities, which represents a 32.1% increase from the current price of $37.84.
The lowest price target for OCN is $32.00 from Bose George at Keefe, Bruyette & Woods, which represents a -15.4% decrease from the current price of $37.84.
The overall analyst consensus for OCN is neutral. Out of 5 Wall Street analysts, 0 rate it as Buy, 3 as Hold, and 0 as Sell, with a median price target of $40.00.
Stock price projections, including those for Ocwen Financial Corp, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.