Mr. Cooper Group (NASDAQ:COOP) Sets New 1-Year High - Still a Buy?

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $139.23 and last traded at $132.06, with a volume of 1652540 shares changing hands. The stock had previously closed at $130.07.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on COOP shares. Keefe, Bruyette & Woods increased their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Barclays increased their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. JMP Securities reiterated a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. UBS Group increased their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.14.

Mr. Cooper Group Stock Performance

The company has a 50 day moving average price of $122.05 and a 200 day moving average price of $108.71. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.81 by $0.16. The company had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business posted $2.73 EPS. Research analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Institutional Trading of Mr. Cooper Group

Large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake in shares of Mr. Cooper Group in the 1st quarter valued at about $26,000. Picton Mahoney Asset Management boosted its stake in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after purchasing an additional 95 shares during the last quarter. Asset Planning Inc acquired a new position in Mr. Cooper Group during the 4th quarter valued at about $48,000. Allworth Financial LP boosted its stake in Mr. Cooper Group by 24.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after purchasing an additional 87 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in Mr. Cooper Group during the 1st quarter valued at about $55,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

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.

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