Ocwen Financial Corp Target of Unusually Large Options Trading (OCN)
Shares of Ocwen Financial Corp (NYSE:OCN) were the target of some unusual options trading activity on Thursday. Stock investors acquired 20,083 put options on the stock, Stock Ratings Network reports. This is an increase of approximately 461% compared to the average volume of 3,579 put options.
A number of research firms have recently commented on OCN. Analysts at Zacks upgraded shares of Ocwen Financial Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $40.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Ocwen Financial Corp in a research note on Wednesday, February 12th. They now have a $65.00 price target on the stock. Finally, analysts at Compass Point upgraded shares of Ocwen Financial Corp from a “neutral” rating to a “buy” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $56.20.
Ocwen Financial Corporation is a financial services holding company. The Company is engaged in the servicing and origination of mortgage loans.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.