Mr. Cooper Group (NASDAQ:COOP) PT Raised to $110.00 at Compass Point

Mr. Cooper Group (NASDAQ:COOP) had its target price boosted by Compass Point from $97.00 to $110.00 in a report released on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. Barclays increased their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods lowered Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research note on Monday, July 22nd. Piper Sandler lifted their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Wedbush reiterated an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

Mr. Cooper Group Stock Performance

NASDAQ:COOP traded down $0.06 during trading hours on Thursday, hitting $88.82. The company’s stock had a trading volume of 57,494 shares, compared to its average volume of 442,900. The business’s 50-day moving average is $92.01 and its two-hundred day moving average is $85.89. The company has a market capitalization of $5.75 billion, a PE ratio of 9.31 and a beta of 1.40. Mr. Cooper Group has a 52-week low of $54.07 and a 52-week high of $97.35.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The business had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. During the same quarter last year, the business posted $2.79 earnings per share. The business’s revenue for the quarter was up 32.8% on a year-over-year basis. As a group, analysts predict that Mr. Cooper Group will post 9.98 EPS for the current fiscal year.

Institutional Trading of Mr. Cooper Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mr. Cooper Group by 984.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock valued at $30,476,000 after purchasing an additional 354,905 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in Mr. Cooper Group in the 1st quarter worth about $5,301,000. Sei Investments Co. lifted its stake in Mr. Cooper Group by 68.2% in the 1st quarter. Sei Investments Co. now owns 36,139 shares of the company’s stock worth $2,817,000 after acquiring an additional 14,652 shares in the last quarter. Penbrook Management LLC purchased a new stake in Mr. Cooper Group in the 1st quarter worth about $949,000. Finally, Waterfall Asset Management LLC purchased a new stake in Mr. Cooper Group in the 2nd quarter worth about $809,000. Institutional investors own 89.82% of the company’s stock.

About Mr. Cooper Group

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.