Mr. Cooper Group (NASDAQ:COOP) PT Raised to $110.00 at Compass Point

Mr. Cooper Group (NASDAQ:COOP) had its price objective upped by Compass Point from $97.00 to $110.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on COOP. 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 note on Friday, July 26th. 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. Wedbush restated an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday. 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 note on Monday, July 22nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

Mr. Cooper Group Stock Performance

NASDAQ:COOP opened at $88.52 on Thursday. Mr. Cooper Group has a one year low of $54.07 and a one year high of $97.35. The business’s 50-day simple moving average is $91.98 and its 200 day simple moving average is $86.09. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 9.27 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The business had revenue of $616.00 million for the quarter, compared to analysts’ expectations of $548.09 million. During the same quarter in the previous year, the firm posted $2.79 earnings per share. The company’s revenue was up 32.8% compared to the same quarter last year. On average, equities research analysts predict that Mr. Cooper Group will post 9.98 EPS for the current year.

Hedge Funds Weigh In On Mr. Cooper Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COOP. Blue Trust Inc. grew its holdings in 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Mr. Cooper Group by 8,275.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after purchasing an additional 331 shares in the last quarter. Quarry LP acquired a new stake in shares of Mr. Cooper Group during the 2nd quarter valued at $29,000. Financial Management Professionals Inc. acquired a new stake in shares of Mr. Cooper Group during the 3rd quarter valued at $30,000. Finally, CWM LLC lifted its position in shares of Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after acquiring an additional 154 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

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.