Mr. Cooper Group Inc (NASDAQ:COOP) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $131.14.

Several research firms have commented on COOP. Keefe, Bruyette & Woods increased their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. UBS Group lifted their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their price target for the company from $125.00 to $143.00 in a report on Friday, April 4th. Finally, Barclays lifted their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th.

Hedge Funds Weigh In On Mr. Cooper Group

Large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. bought a new position in shares of Mr. Cooper Group during the first quarter valued at about $26,000. Picton Mahoney Asset Management raised its stake in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares during the last quarter. Allworth Financial LP raised its stake in shares of Mr. Cooper Group by 24.5% during the first quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after acquiring an additional 87 shares during the last quarter. USA Financial Formulas bought a new position in shares of Mr. Cooper Group during the first quarter valued at about $55,000. Finally, SVB Wealth LLC purchased a new position in shares of Mr. Cooper Group during the first quarter valued at about $62,000. Hedge funds and other institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Trading Up 3.1%

NASDAQ COOP traded up $4.55 during trading hours on Wednesday, hitting $149.12. The company's stock had a trading volume of 1,763,319 shares, compared to its average volume of 655,830. Mr. Cooper Group has a 52 week low of $78.20 and a 52 week high of $151.48. The company has a market capitalization of $9.54 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. The company's 50-day simple moving average is $126.45 and its two-hundred day simple moving average is $112.07.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.81 by $0.16. The firm had revenue of $560.00 million during the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $2.73 EPS. Research analysts anticipate that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

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.