Analysts Set Mr. Cooper Group Inc. (NASDAQ:COOP) PT at $96.29

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $96.29.

Several analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Wedbush boosted their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” 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 price objective on the stock. in a report on Monday, July 22nd. Finally, Piper Sandler upped their price target 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.

Mr. Cooper Group Stock Up 0.4 %

NASDAQ COOP opened at $95.19 on Friday. Mr. Cooper Group has a 52 week low of $52.50 and a 52 week high of $96.00. The business has a 50 day moving average price of $90.67 and a 200-day moving average price of $84.97. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 9.97 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results 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 net margin of 33.22% and a return on equity of 14.10%. The company had revenue of $583.00 million during the quarter, compared to the consensus estimate of $552.09 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Mr. Cooper Group will post 9.97 earnings per share for the current year.

Hedge Funds Weigh In On Mr. Cooper Group

Large investors have recently modified their holdings of the stock. Blue Trust Inc. grew 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 buying an additional 145 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position 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 valued at $27,000 after acquiring an additional 331 shares during the last quarter. Quarry LP purchased a new stake in Mr. Cooper Group in the second quarter worth $29,000. CWM LLC lifted its position in shares of Mr. Cooper Group by 34.5% during the second quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after purchasing an additional 154 shares during the last quarter. Finally, Perkins Coie Trust Co purchased a new stake in shares of Mr. Cooper Group during the second quarter valued at $81,000. Institutional investors own 89.82% of the company’s stock.

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.