NEW YORK (

TheStreet

)

-- Ocwen Financial Corporation

(NYSE:

OCN

) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Ocwen Financial Corporation, through its subsidiaries, provides residential and commercial mortgage loan servicing, special servicing, and asset management services. The company operates in two segments, Ocwen Asset Management and Ocwen Solutions. The company has a P/E ratio of 32.4, above the average banking industry P/E ratio of 27.4 and above the S&P 500 P/E ratio of 22.6. Ocwen Financial has a market cap of $1.1 billion and is part of the

financial

sector and

banking

industry. Shares are up 12.5% year to date as of the close of trading on Thursday.

You can view the full

Ocwen Financial Ratings Report

or get investment ideas from our

investment research center

.

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