Mr. Cooper Group Inc. (NASDAQ:COOP) Given Average Rating of “Moderate Buy” by Brokerages

Mr. Cooper Group Inc. (NASDAQ:COOP) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $98.00.

Several research firms have weighed in on COOP. Wedbush restated an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, October 24th. Compass Point lifted their target price on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research note on Monday, July 22nd. Finally, Piper Sandler raised their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a report on Friday, July 26th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Mr. Cooper Group by 984.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after buying an additional 354,905 shares during the period. 1832 Asset Management L.P. bought a new stake in Mr. Cooper Group in the 1st quarter worth approximately $5,301,000. Sei Investments Co. increased its position in Mr. Cooper Group by 68.2% in the first quarter. Sei Investments Co. now owns 36,139 shares of the company’s stock worth $2,817,000 after purchasing an additional 14,652 shares during the last quarter. Waterfall Asset Management LLC bought a new stake in shares of Mr. Cooper Group in the 2nd quarter worth about $809,000. Finally, LSV Asset Management raised its position in Mr. Cooper Group by 36.3% during the first quarter. LSV Asset Management now owns 181,334 shares of the company’s stock valued at $14,135,000 after purchasing an additional 48,334 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock opened at $101.43 on Tuesday. The stock’s 50 day moving average is $92.33 and its 200 day moving average is $87.35. Mr. Cooper Group has a one year low of $55.61 and a one year high of $103.05. The firm has a market cap of $6.49 billion, a P/E ratio of 13.10 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.30. The company had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm’s revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.79 EPS. Equities analysts anticipate that Mr. Cooper Group will post 10.17 earnings per share for the current fiscal year.

About Mr. Cooper Group

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.