Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $142.98 and last traded at $142.78, with a volume of 1437524 shares trading hands. The stock had previously closed at $135.45.
Analyst Ratings Changes
A number of research firms recently commented on COOP. Keefe, Bruyette & Woods lifted their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. UBS Group raised their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price target for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, Barclays lifted their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.14.
Get Our Latest Stock Analysis on COOP
Mr. Cooper Group Price Performance
The stock has a market cap of $9.38 billion, a P/E ratio of 14.39, a PEG ratio of 0.32 and a beta of 1.03. The firm's fifty day moving average price is $122.37 and its two-hundred day moving average price is $109.74.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The firm had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. During the same quarter last year, the firm posted $2.73 EPS. The company's revenue was down .7% compared to the same quarter last year. On average, research analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Mr. Cooper Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Asset Planning Inc purchased a new stake in Mr. Cooper Group during the fourth quarter valued at about $48,000. Autumn Glory Partners LLC purchased a new position in shares of Mr. Cooper Group during the 4th quarter valued at about $288,000. Blue Trust Inc. lifted its position in Mr. Cooper Group by 38.8% in the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after buying an additional 222 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Mr. Cooper Group by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 363,752 shares of the company's stock worth $34,924,000 after buying an additional 13,173 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Mr. Cooper Group by 3.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,366 shares of the company's stock worth $611,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.
About Mr. Cooper Group
(
Get Free Report)
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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