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OCN

Ocwen

$2.49

-2.91 (-53.89%)

, NRZ

New Residential

$16.39

-1.36 (-7.66%)

08:25
04/21/17
04/21
08:25
04/21/17
08:25

Ocwen upgraded to Buy from Neutral at Compass Point

Compass Point analyst Frederick Small upgraded Ocwen (OCN) to Buy from Neutral as he sees regulatory risk as mispriced following yesterday's CFPB lawsuit and states' cease-and-desist orders. He also does not think New Residential (NRZ) will transfer the majority of Ocwen's subservicing to another servicer, though he lowered his price target on Ocwen shares to $3.50 from $5.

OCN

Ocwen

$2.49

-2.91 (-53.89%)

NRZ

New Residential

$16.39

-1.36 (-7.66%)

  • 03

    May

  • 24

    May

OCN Ocwen
$2.49

-2.91 (-53.89%)

04/20/17
KBWI
04/20/17
NO CHANGE
Target $5
KBWI
Market Perform
Immediate Ocwen impact from orders, lawsuit should be small, says Keefe Bruyette
Keefe Bruyette analyst Bose George noted that Ocwen is not currently purchasing servicing, so he believes the immediate impact from states issuing Cease-and-Desist orders and from the CFPB lawsuit against the company should be small. However, expenses could stay elevated and growth may be limited, even if it the company settles with NY DFS as expected, he added. George has a Market Perform rating and $5 price target on Ocwen shares, which are off their lows but remain down about 50% at $2.69.
01/12/17
COMP
01/12/17
DOWNGRADE
COMP
Neutral
Ocwen downgraded to Neutral from Buy at Compass Point
10/25/16
PIPR
10/25/16
DOWNGRADE
Target $2
PIPR
Underweight
Ocwen downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Kevin Barker downgraded Ocwen Financial to Underweight on expectations the company will continue burning book value through 2017. The shares have recovered to over $4, or roughly 80% of tangible book value, despite burning $2.83 of book value over the past three quarters, Barker tells investors in a research note. He expects Ocwen's book value to drop "well below" $4.00 per share and does not see how the company can earn money in the future. Barker keeps a $2 price target for Ocwen shares.
09/14/16
COMP
09/14/16
UPGRADE
COMP
Buy
Ocwen upgraded to Buy from Neutral at Compass Point
NRZ New Residential
$16.39

-1.36 (-7.66%)

04/20/17
SBSH
04/20/17
NO CHANGE
SBSH
New Residential shares defended at Citi
02/02/17
FBRC
02/02/17
NO CHANGE
Target $16.75
FBRC
Outperform
New Residential undervalued at current levels, says FBR Capital
FBR Capital analyst Jessica Levi-Ribner views shares of New Residential Investment as undervalued at current levels. The implied dividend yield of 12.5% should be safe in any interest rate environment, Levi-Ribner tells investors in research note, while pointing out the company is positioned for higher rates. The analyst keeps an Outperform rating on New Residential with a $16.75 price target following the company's Q4 results.
01/31/17
COMP
01/31/17
UPGRADE
COMP
Buy
New Residential upgraded to Buy from Neutral at Compass Point
Compass Point upgraded New Residential to Buy and raised its price target to $16.50 from $15 saying the equity raise removes an overhang.
01/30/17
01/30/17
NO CHANGE

New Residential sees Q4 core EPS 59c-63c, consensus 51c

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T

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POT

Potash

$16.34

-0.015 (-0.09%)

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CARA

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NRG

NRG Energy

$17.41

0.2001 (1.16%)

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GDEN

Golden Entertainment

$20.36

-0.37 (-1.78%)

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LB

Labarge

$54.33

-0.085 (-0.16%)

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FENX

Fenix Parts

$1.57

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HL

Hecla Mining

$5.25

0.075 (1.45%)

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KMPH

KemPharm

$3.45

0.05 (1.47%)

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HL

Hecla Mining

$5.25

0.075 (1.45%)

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Hecla Mining

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SVA

Sinovac Biotech

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QQQ

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$138.03

-2.55 (-1.81%)

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AGX

Argan

$62.40

0.9 (1.46%)

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HL

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$5.24

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