Ocwen Financial Corporation (OCN)
NYSE: OCN · IEX Real-Time Price · USD
24.77
+0.32 (1.31%)
Apr 23, 2024, 4:00 PM EDT - Market closed
Ocwen Financial Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Ocwen Financial stock have an average target of 39, with a low estimate of 28 and a high estimate of 50. The average target predicts an increase of 57.45% from the current stock price of 24.77.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for OCN stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 1 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $30 → $28 | Hold | Maintains | $30 → $28 | +13.04% | Apr 9, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $50 | Strong Buy | Reiterates | $50 | +101.86% | Mar 26, 2024 |
| BTIG | BTIG | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Apr 21, 2022 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains n/a | Strong Buy | Maintains | n/a | n/a | Dec 8, 2021 |
| Jefferies | Jefferies | Strong Buy Initiates n/a | Strong Buy | Initiates | n/a | n/a | Jun 30, 2021 |
Financial Forecast
Revenue This Year
1.12B
from 1.07B
Increased by 5.28%
Revenue Next Year
1.17B
from 1.12B
Increased by 3.74%
EPS This Year
5.52
from -8.34
EPS Next Year
7.14
from 5.52
Increased by 29.37%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 1.2B | 1.3B |
| Avg | 1.1B | 1.2B |
| Low | 1.1B | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 15.1% | 12.6% |
| Avg | 5.3% | 3.7% |
| Low | -0.9% | -2.0% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 6.30 | 8.40 |
| Avg | 5.52 | 7.14 |
| Low | 4.90 | 6.27 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | 52.3% |
| Avg | - | 29.4% |
| Low | - | 13.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.