Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $158.00 at Piper Sandler

Mr. Cooper Group (NASDAQ:COOP - Free Report) had its target price upped by Piper Sandler from $143.00 to $158.00 in a report issued on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other brokerages also recently commented on COOP. UBS Group boosted 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 report on Wednesday, April 16th. Keefe, Bruyette & Woods boosted 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 report on Tuesday, April 8th. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Barclays boosted their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.29.

Mr. Cooper Group Stock Up 2.0%

Shares of NASDAQ:COOP traded up $2.97 during midday trading on Tuesday, reaching $152.18. The company had a trading volume of 1,134,642 shares, compared to its average volume of 704,643. The business's 50 day moving average price is $131.96 and its 200 day moving average price is $114.77. The stock has a market cap of $9.74 billion, a PE ratio of 17.29, a P/E/G ratio of 0.43 and a beta of 1.05. Mr. Cooper Group has a 1-year low of $78.20 and a 1-year high of $156.35.

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

Institutional Investors Weigh In On Mr. Cooper Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in Mr. Cooper Group in the 1st quarter valued at approximately $26,000. Picton Mahoney Asset Management boosted its holdings in Mr. Cooper Group by 41.3% in 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 period. Allworth Financial LP boosted its holdings in Mr. Cooper Group by 24.5% in 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 period. USA Financial Formulas bought a new position in Mr. Cooper Group in the 1st quarter valued at $55,000. Finally, SVB Wealth LLC bought a new position in Mr. Cooper Group in the 1st quarter valued at $62,000. Hedge funds and other institutional investors own 89.82% of the company's stock.

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.