Somewhat Positive News Coverage Somewhat Unlikely to Affect Ocwen Financial (OCN) Stock Price
News articles about Ocwen Financial (NYSE:OCN) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ocwen Financial earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.1322639185578 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Ocwen Financial (NYSE:OCN) opened at $3.26 on Monday. The company has a current ratio of 5.07, a quick ratio of 5.07 and a debt-to-equity ratio of 9.82. Ocwen Financial has a 52 week low of $2.12 and a 52 week high of $6.15.
A number of analysts have commented on the stock. ValuEngine upgraded shares of Ocwen Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub cut shares of Ocwen Financial from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Ocwen Financial in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Ocwen Financial currently has an average rating of “Hold” and an average price target of $3.33.
Ocwen Financial Company Profile
Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its residential servicing business. The Company’s Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans.
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