Mr. Cooper Group Inc (NASDAQ:COOP) Receives $131.14 Average Target Price from Analysts

Mr. Cooper Group Inc (NASDAQ:COOP) has been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $131.14.

Several research firms have commented on COOP. Keefe, Bruyette & Woods raised 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 stock a “buy” rating in a research report on Wednesday, April 16th. Citizens Jmp lowered Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Piper Sandler lowered Mr. Cooper Group from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. Finally, Barclays lifted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th.

Mr. Cooper Group Price Performance

NASDAQ:COOP opened at $149.12 on Wednesday. The business’s 50-day moving average is $126.45 and its two-hundred day moving average is $111.97. Mr. Cooper Group has a 12 month low of $78.20 and a 12 month high of $151.48. The firm has a market capitalization of $9.54 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 0.42 and a beta of 1.03.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 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 company had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. During the same period last year, the company posted $2.73 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Equities analysts anticipate that Mr. Cooper Group will post 13.17 EPS for the current year.

Institutional Trading of Mr. Cooper Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP increased its position in shares of Mr. Cooper Group by 24.5% during the first quarter. Allworth Financial LP now owns 442 shares of the company’s stock worth $51,000 after acquiring an additional 87 shares during the last quarter. Picton Mahoney Asset Management increased its holdings 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 buying an additional 95 shares during the last quarter. Sage Rhino Capital LLC increased its holdings in Mr. Cooper Group by 4.7% in the first quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company’s stock valued at $262,000 after buying an additional 98 shares during the last quarter. Penbrook Management LLC increased its holdings in Mr. Cooper Group by 0.6% in the first quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock valued at $1,893,000 after buying an additional 100 shares during the last quarter. Finally, Williamson Legacy Group LLC increased its holdings in Mr. Cooper Group by 1.1% in the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock valued at $1,040,000 after buying an additional 118 shares during the last quarter. 89.82% of the stock is 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.