Mr. Cooper Group Inc. (NASDAQ:COOP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $96.29.

A number of analysts have recently weighed in on COOP shares. Barclays upped their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Wedbush raised their target price on Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Piper Sandler raised their target price on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods cut Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a research note on Monday, July 22nd.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP opened at $95.93 on Friday. The stock’s fifty day moving average price is $91.18 and its two-hundred day moving average price is $85.22. Mr. Cooper Group has a one year low of $52.50 and a one year high of $97.26. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 10.05 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.19. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The firm had revenue of $583.00 million for the quarter, compared to analyst estimates of $552.09 million. During the same period in the prior year, the firm posted $1.66 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that Mr. Cooper Group will post 9.97 earnings per share for the current fiscal year.

Institutional Trading of Mr. Cooper Group

A number of hedge funds have recently bought and sold shares of COOP. Blue Trust Inc. increased its position in Mr. Cooper Group by 77.1% in the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Mr. Cooper Group by 8,275.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after acquiring an additional 331 shares during the last quarter. Quarry LP bought a new stake in shares of Mr. Cooper Group in the 2nd quarter valued at about $29,000. CWM LLC raised its position in Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares during the last quarter. Finally, Perkins Coie Trust Co bought a new position in Mr. Cooper Group during the 2nd quarter valued at approximately $81,000. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.