Shares of Mr. Cooper Group Inc (NASDAQ:COOP) have been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $15.50.
COOP has been the subject of a number of recent analyst reports. TheStreet cut shares of Mr. Cooper Group from a “c” rating to a “d” rating in a research report on Friday, May 31st. Wedbush raised their price target on shares of Mr. Cooper Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. BTIG Research reissued a “buy” rating and set a $21.00 price target on shares of Mr. Cooper Group in a research report on Sunday, August 4th. Zacks Investment Research raised shares of Mr. Cooper Group from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research report on Tuesday, May 28th. Finally, ValuEngine raised shares of Mr. Cooper Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd.
Several hedge funds have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. bought a new position in Mr. Cooper Group during the second quarter worth $31,000. PNC Financial Services Group Inc. boosted its stake in shares of Mr. Cooper Group by 60.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,768 shares of the company’s stock worth $36,000 after buying an additional 1,422 shares during the last quarter. Royce & Associates LP purchased a new position in shares of Mr. Cooper Group in the 1st quarter worth approximately $46,000. Trexquant Investment LP purchased a new position in shares of Mr. Cooper Group in the 2nd quarter worth approximately $107,000. Finally, First Republic Investment Management Inc. purchased a new position in shares of Mr. Cooper Group in the 2nd quarter worth approximately $111,000. 83.84% of the stock is owned by institutional investors and hedge funds.
Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.96. Mr. Cooper Group had a return on equity of 52.72% and a net margin of 38.88%. The business had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $249.10 million. Sell-side analysts forecast that Mr. Cooper Group will post 2.2 EPS for the current year.
About Mr. Cooper Group
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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