Sterne Agee CRT Downgrades Ocwen Financial Corp (OCN) to Neutral
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Ocwen Financial (OCN) PT Cut to $6 at Compass Point on Margins Worries
August 4, 2015 7:59 AM EDTCompass Point analyst Kevin Barker reiterated a Sell rating and lowered his price target on Ocwen Financial Corp (NYSE: OCN) to $6.00 (from $6.50). The analyst said margins will continue to contract.
Barker commented, "We have lowered our price target to $6.00 as it is our estimate for trough TBV excluding the deferred tax asset (DTA) and $200mm of regulatory/litigation charges. We exclude the DTA from book value due to our expectation for OCN to report... More
BofA/Merrill Lynch Downgrades Ocwen Financial Corp (OCN) to Underperform
July 31, 2015 9:10 AM EDTBofA/Merrill Lynch downgraded Ocwen Financial Corp (NYSE: OCN) from Neutral to Underperform with a price target of $9.00. Analyst Kenneth Bruce called the stock a value trap.
For an analyst ratings summary and ratings history on Ocwen Financial Corp... More
Ocwen Financial (OCN) Misses Q2 EPS by 12c
July 30, 2015 4:05 PM EDTOcwen Financial (NYSE: OCN) reported Q2 EPS of $0.08, $0.12 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $463.3 million versus the consensus estimate of $463.5 million.
For earnings history and earnings-related data on Ocwen Financial (OCN) click here.
... More
