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

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $96.29.

A number of equities analysts recently issued reports on the company. Barclays increased their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Piper Sandler lifted their price objective 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. Keefe, Bruyette & Woods lowered 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 report on Monday, July 22nd. Finally, Wedbush boosted their price target on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th.

Institutional Trading of Mr. Cooper Group

A number of large investors have recently added to or reduced their stakes in COOP. Blue Trust Inc. lifted its position in shares of Mr. Cooper Group by 77.1% during the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of 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 purchasing an additional 331 shares during the period. Quarry LP purchased a new position in Mr. Cooper Group in the 2nd quarter worth about $29,000. CWM LLC raised its holdings in Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after buying an additional 154 shares during the period. Finally, Perkins Coie Trust Co purchased a new stake in Mr. Cooper Group during the second quarter valued at about $81,000. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Stock Performance

Shares of COOP opened at $96.27 on Friday. Mr. Cooper Group has a 1 year low of $52.50 and a 1 year high of $97.35. The firm has a fifty day moving average of $91.66 and a 200-day moving average of $85.38. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 10.08 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $583.00 million during the quarter, compared to analyst estimates of $552.09 million. During the same period in the previous year, the business posted $1.66 EPS. Mr. Cooper Group’s revenue was up 3.4% on a year-over-year basis. Analysts predict that Mr. Cooper Group will post 9.98 EPS for the current year.

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.