Mr. Cooper Group (NASDAQ:COOP - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Wedbush in a note issued to investors on Thursday, Benzinga reports. They currently have a $115.00 price objective on the stock. Wedbush's price target would suggest a potential upside of 30.19% from the stock's current price.
A number of other equities analysts have also weighed in on COOP. Piper Sandler upped their target price on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Barclays lifted their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 price target for the company. in a research report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and a consensus target price of $96.29.
View Our Latest Report on COOP
Shares of COOP stock traded up $0.96 on Thursday, hitting $88.33. 196,936 shares of the stock traded hands, compared to its average volume of 441,530. Mr. Cooper Group has a 52 week low of $52.73 and a 52 week high of $97.35. The firm has a 50 day simple moving average of $92.05 and a two-hundred day simple moving average of $85.87. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 8.31 and a beta of 1.40.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.52 EPS for the quarter, beating the consensus estimate 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 business had revenue of $583.00 million for the quarter, compared to the consensus estimate of $552.09 million. During the same period in the previous year, the business earned $1.66 earnings per share. The business's revenue was up 3.4% on a year-over-year basis. Sell-side analysts forecast that Mr. Cooper Group will post 9.98 EPS for the current year.
Several hedge funds have recently bought and sold shares of COOP. Blue Trust Inc. boosted its stake in shares of Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company's stock valued at $26,000 after purchasing an additional 145 shares during the period. Allspring Global Investments Holdings LLC grew its stake in 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 worth $27,000 after acquiring an additional 331 shares in the last quarter. Quarry LP bought a new stake in shares of Mr. Cooper Group during the second quarter valued at approximately $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 in the last quarter. Finally, Perkins Coie Trust Co bought a new position in shares of Mr. Cooper Group during the 2nd quarter worth $81,000. Institutional investors own 89.82% of the company's stock.
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.
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