Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Ocwen Financial Corporation (OCN) Share Price
Media stories about Ocwen Financial Corporation (NYSE:OCN) have trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ocwen Financial Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.8377068163985 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Ocwen and NAACP Announce Two Florida Events to Help Struggling Homeowners (finance.yahoo.com)
- Notable Runners: Ocwen Financial Corporation, (NYSE: OCN), Enbridge Energy Partners, LP, (NYSE: EEP), Facebook … – Stocks In The News (press release) (tradingnewsnow.com)
- Under Analysts Radar: Ocwen Financial Corp (OCN) – ExpertGazette (expertgazette.com)
- ETFs with exposure to Ocwen Financial Corp. : November 6, 2017 (finance.yahoo.com)
Ocwen Financial Corporation (NYSE:OCN) traded down $0.02 during mid-day trading on Friday, reaching $3.13. 996,800 shares of the company’s stock were exchanged, compared to its average volume of 1,947,379. The company has a debt-to-equity ratio of 9.82, a current ratio of 5.07 and a quick ratio of 5.07. Ocwen Financial Corporation has a 12 month low of $2.12 and a 12 month high of $6.15.
OCN has been the subject of several research analyst reports. BidaskClub upgraded shares of Ocwen Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. ValuEngine downgraded shares of Ocwen Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $3.00 price target on shares of Ocwen Financial Corporation in a research report 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.33.
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About Ocwen Financial Corporation
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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