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

Shares of Mr. Cooper Group Inc (NASDAQ:COOP) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $131.14.

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a research report on Tuesday, April 8th. UBS Group lifted their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Barclays lifted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Piper Sandler cut Mr. Cooper Group from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Finally, Citizens Jmp cut Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 1st.

Mr. Cooper Group Stock Performance

Shares of COOP opened at $139.63 on Wednesday. The stock has a fifty day moving average price of $124.32 and a two-hundred day moving average price of $111.05. Mr. Cooper Group has a 52-week low of $78.20 and a 52-week high of $147.23. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.42 and a beta of 1.03.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The firm had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. During the same quarter in the previous year, the company posted $2.73 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts predict that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Mr. Cooper Group

A number of institutional investors have recently made changes to their positions in COOP. First Horizon Advisors Inc. acquired a new stake in shares of Mr. Cooper Group during the first quarter worth $26,000. Picton Mahoney Asset Management grew its stake in Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after acquiring an additional 95 shares during the period. Allworth Financial LP grew its stake in Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company’s stock valued at $51,000 after acquiring an additional 87 shares during the period. USA Financial Formulas acquired a new position in Mr. Cooper Group in the first quarter valued at about $55,000. Finally, SVB Wealth LLC acquired a new position in Mr. Cooper Group in the first quarter valued at about $62,000. 89.82% of the stock is owned by institutional investors and hedge funds.

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.