Mr. Cooper Group (NASDAQ:COOP) Sets New 52-Week High - Time to Buy?

Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $152.42 and last traded at $152.34, with a volume of 936119 shares trading hands. The stock had previously closed at $149.12.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COOP. Keefe, Bruyette & Woods lifted their price objective on 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 boosted their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Barclays upped their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Finally, Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group Trading Down 1.5%

The firm has a 50 day moving average price of $130.32 and a 200-day moving average price of $113.89. The firm has a market cap of $9.55 billion, a PE ratio of 16.96, a PEG ratio of 0.44 and a beta of 1.03.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.16. The firm had revenue of $560.00 million during the quarter, compared to analysts' expectations of $620.57 million. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The firm's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.73 earnings per share. Equities analysts forecast that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mr. Cooper Group

Several institutional investors have recently added to or reduced their stakes in the business. DLD Asset Management LP purchased a new stake in Mr. Cooper Group during the first quarter worth approximately $1,495,000. Strs Ohio purchased a new stake in Mr. Cooper Group during the first quarter worth approximately $849,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Mr. Cooper Group by 8.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,674 shares of the company's stock worth $16,346,000 after purchasing an additional 11,097 shares during the last quarter. Slotnik Capital LLC purchased a new stake in Mr. Cooper Group during the first quarter worth approximately $4,784,000. Finally, United Services Automobile Association purchased a new stake in Mr. Cooper Group during the first quarter worth approximately $508,000. Hedge funds and other institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Company Profile

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.