Piper Jaffray Companies lowered shares of Mr. Cooper Group (NASDAQ:COOP) from a neutral rating to an underweight rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports. Piper Jaffray Companies also issued estimates for Mr. Cooper Group’s Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.51 EPS, Q1 2020 earnings at $0.51 EPS, Q2 2020 earnings at $0.42 EPS, Q3 2020 earnings at $0.41 EPS, Q4 2020 earnings at $0.43 EPS and FY2020 earnings at $1.78 EPS.
COOP has been the topic of a number of other reports. Zacks Investment Research downgraded Mr. Cooper Group from a hold rating to a strong sell rating in a research report on Monday, December 31st. Barclays set a $18.00 target price on Mr. Cooper Group and gave the stock a hold rating in a research report on Friday, March 8th. ValuEngine upgraded Mr. Cooper Group from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Finally, BTIG Research assumed coverage on Mr. Cooper Group in a research report on Thursday, November 29th. They issued a buy rating and a $21.00 target price on the stock. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $20.67.
NASDAQ:COOP opened at $10.07 on Wednesday. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.42 and a quick ratio of 2.42. Mr. Cooper Group has a 12 month low of $9.92 and a 12 month high of $20.04.
Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. purchased a new stake in shares of Mr. Cooper Group in the fourth quarter worth about $28,000. Bronfman E.L. Rothschild L.P. purchased a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $56,000. American National Bank purchased a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $96,000. Finally, Great West Life Assurance Co. Can purchased a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $99,000. Institutional investors own 86.43% of the company’s stock.
Mr. Cooper Group Company Profile
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.
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