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

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $98.00.

Several equities research analysts have issued reports on the company. 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. Keefe, Bruyette & Woods cut 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. Compass Point raised 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. Wedbush reissued an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Finally, Barclays raised their target price 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.

Mr. Cooper Group Stock Performance

NASDAQ:COOP opened at $100.96 on Tuesday. Mr. Cooper Group has a one year low of $54.07 and a one year high of $101.71. The stock has a market cap of $6.46 billion, a PE ratio of 13.04 and a beta of 1.40. The stock has a 50 day moving average price of $92.18 and a 200 day moving average price of $87.15.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of COOP. Capstone Investment Advisors LLC purchased a new position in Mr. Cooper Group in the first quarter valued at $472,000. Fidelis Capital Partners LLC purchased a new position in Mr. Cooper Group in the first quarter valued at $85,000. LSV Asset Management boosted its holdings in Mr. Cooper Group by 36.3% in 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. Empowered Funds LLC boosted its holdings in Mr. Cooper Group by 4.4% in the first quarter. Empowered Funds LLC now owns 75,386 shares of the company’s stock valued at $5,876,000 after purchasing an additional 3,168 shares during the period. Finally, Sei Investments Co. boosted its holdings in Mr. Cooper Group by 68.2% in the first 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 period. 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.