Zacks: Analysts Set $19.20 Price Target for WMIH Corp (COOP)

WMIH Corp (NASDAQ:COOP) has been assigned a consensus broker rating score of 2.75 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating, one has issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. WMIH’s rating score has improved by 15.4% in the last 90 days as a result of various analysts’ ratings changes.

Brokers have set a 1 year consensus price objective of $19.20 for the company and are expecting that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also assigned WMIH an industry rank of 53 out of 257 based on the ratings given to its competitors.

COOP has been the subject of several research reports. Wedbush restated a “buy” rating and issued a $23.00 price objective on shares of WMIH in a report on Wednesday, October 17th. Barclays upgraded shares of WMIH from an “underweight” rating to a “hold” rating and set a $18.00 price target for the company in a research note on Friday, November 9th. Zacks Investment Research upgraded shares of WMIH from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Piper Jaffray Companies upgraded shares of WMIH from an “underweight” rating to a “neutral” rating in a research note on Tuesday, October 30th.

COOP traded up $0.71 during trading on Friday, hitting $14.90. 30,513 shares of the stock traded hands, compared to its average volume of 790,396. The stock has a market capitalization of $1.29 billion, a P/E ratio of 125.42 and a beta of -0.63. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 3.45. WMIH has a 12-month low of $7.80 and a 12-month high of $20.04.

WMIH (NASDAQ:COOP) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.05. WMIH had a net margin of 183.04% and a return on equity of 160.21%. Sell-side analysts expect that WMIH will post 2.06 EPS for the current fiscal year.

A hedge fund recently bought a new stake in WMIH stock. Bridgeway Capital Management Inc. acquired a new stake in shares of WMIH Corp (NASDAQ:COOP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 402,666 shares of the company’s stock, valued at approximately $560,000. Bridgeway Capital Management Inc. owned approximately 2.23% of WMIH as of its most recent filing with the Securities and Exchange Commission.

About WMIH

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. It offers home loan servicers focused on delivering various servicing and lending products, services, and technologies. The company provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents, and mortgage companies.

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