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

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $96.29.

COOP has been the topic of several recent research reports. Barclays upped their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Piper Sandler upped their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Wedbush upped their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a research report 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 on the stock. in a research report on Monday, July 22nd.

Mr. Cooper Group Price Performance

COOP opened at $95.93 on Friday. Mr. Cooper Group has a one year low of $52.50 and a one year high of $97.26. The business has a 50 day simple moving average of $91.18 and a two-hundred day simple moving average of $85.22. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 10.05 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.19. The firm had revenue of $583.00 million for the quarter, compared to the consensus estimate of $552.09 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 EPS. As a group, sell-side analysts expect that Mr. Cooper Group will post 9.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Mr. Cooper Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Mr. Cooper Group by 77.1% in the 2nd 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. CWM LLC boosted its stake in shares of Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after buying an additional 154 shares during the last quarter. Aristeia Capital L.L.C. boosted its stake in shares of Mr. Cooper Group by 4.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock worth $341,000 after buying an additional 169 shares during the last quarter. GAMMA Investing LLC lifted its position in Mr. Cooper Group by 20.6% during the first quarter. GAMMA Investing LLC now owns 1,085 shares of the company’s stock valued at $85,000 after purchasing an additional 185 shares in the last quarter. Finally, Truist Financial Corp lifted its position in Mr. Cooper Group by 1.6% during the second quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock valued at $962,000 after purchasing an additional 187 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other 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.