Mr. Cooper Group Inc. (NASDAQ:COOP) Receives $96.29 Average PT from Analysts

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $96.29.

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

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $96.27 on Friday. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 10.08 and a beta of 1.40. The company has a 50 day simple moving average of $91.66 and a 200-day simple moving average of $85.38. Mr. Cooper Group has a 52-week low of $52.50 and a 52-week high of $97.35.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.19. The company had revenue of $583.00 million for the quarter, compared to analyst estimates 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 was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. On average, analysts predict that Mr. Cooper Group will post 9.98 EPS for the current year.

Institutional Investors Weigh In On Mr. Cooper Group

Several large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its stake in Mr. Cooper Group by 984.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock valued at $30,476,000 after buying an additional 354,905 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Mr. Cooper Group during the 1st quarter worth about $5,301,000. Sei Investments Co. lifted its holdings in Mr. Cooper Group by 68.2% during the 1st quarter. Sei Investments Co. now owns 36,139 shares of the company’s stock valued at $2,817,000 after purchasing an additional 14,652 shares during the last quarter. Penbrook Management LLC acquired a new position in Mr. Cooper Group in the first quarter valued at about $949,000. Finally, Waterfall Asset Management LLC bought a new stake in Mr. Cooper Group during the second quarter worth about $809,000. 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.