Mr. Cooper Group (NASDAQ:COOP)‘s stock had its “buy” rating restated by equities research analysts at Credit Suisse Group in a report issued on Tuesday, AnalystRatings.com reports.
A number of other analysts have also recently commented on the company. BidaskClub upgraded Mr. Cooper Group from a “hold” rating to a “buy” rating in a research report on Saturday. TheStreet upgraded Mr. Cooper Group from a “d+” rating to a “c-” rating in a research report on Wednesday, May 20th. KeyCorp upped their price objective on Mr. Cooper Group from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Piper Sandler upped their price target on Mr. Cooper Group from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Wedbush upgraded Mr. Cooper Group from a “neutral” rating to an “outperform” rating and set a $13.00 price target for the company in a research report on Friday, May 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $15.00.
Shares of COOP opened at $13.48 on Tuesday. The company has a market cap of $1.21 billion, a PE ratio of -13.48 and a beta of 1.26. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.39. The stock has a 50-day moving average price of $12.51 and a 200-day moving average price of $11.00. Mr. Cooper Group has a 12-month low of $4.31 and a 12-month high of $14.68.
Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Mr. Cooper Group had a positive return on equity of 22.68% and a negative net margin of 4.65%. The firm had revenue of $278.00 million for the quarter, compared to analysts’ expectations of $418.35 million. As a group, analysts predict that Mr. Cooper Group will post 4.21 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of Mr. Cooper Group by 927.8% in the first quarter. Nisa Investment Advisors LLC now owns 4,697 shares of the company’s stock valued at $34,000 after purchasing an additional 4,240 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Mr. Cooper Group by 69.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 4,775 shares of the company’s stock worth $35,000 after purchasing an additional 1,950 shares during the last quarter. Advisor Group Holdings Inc. acquired a new position in shares of Mr. Cooper Group during the 1st quarter worth approximately $53,000. Great West Life Assurance Co. Can acquired a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $58,000. Finally, Synovus Financial Corp acquired a new position in shares of Mr. Cooper Group during the 1st quarter worth approximately $81,000. 82.95% of the stock is owned by institutional investors and hedge funds.
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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