NASDAQ:COOP

Mr. Cooper Group (COOP) Stock Forecast, Price & News

$48.06

+0.72 (+1.52%)

(As of 06/6/2023 ET)

Compare

Today's Range: $47.25
▼
$48.50
50-Day Range: $39.51
▼
$48.06
52-Week Range: $35.81
▼
$48.50

Volume: 1.06 million shs
Average Volume: 600,608 shs
Market Capitalization: $3.27 billion

P/E Ratio: 11.69
Dividend Yield: N/A
Price Target: $58.00

Mr. Cooper Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 20.7% Upside
$58.00 Price Target
Short Interest: Bearish
4.75% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.88
Upright™ Environmental Score
News Sentiment: -0.06
Based on 9 Articles This Week
Insider Trading: Selling Shares
$1.79 M Sold Last Quarter
Proj. Earnings Growth: 28.89%
From $5.33 to $6.87 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

Finance Sector

468th out of 861 stocks

Nondepository Credit Institutions Industry

11th out of 41 stocks

2.4

Analyst's Opinion

Consensus Rating
Mr. Cooper Group has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $58.00, Mr. Cooper Group has a forecasted upside of 20.7% from its current price of $48.06.
Amount of Analyst Coverage
Mr. Cooper Group has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.75% of the float of Mr. Cooper Group has been sold short.
Short Interest Ratio / Days to Cover
Mr. Cooper Group has a short interest ratio ("days to cover") of 4.5.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
Mr. Cooper Group does not currently pay a dividend.
Dividend Growth
Mr. Cooper Group does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Mr. Cooper Group has received a 37.86% net impact score from Upright. Mr. Cooper seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Mortgages provided by online banks", "Property marketing services of real estate agents and brokers", and "Transactional services for residential property" products. See details.
Environmental Sustainability
The Environmental Impact score for Mr. Cooper Group is -0.88.

1.1

News and Social Media Coverage

News Sentiment
Mr. Cooper Group has a news sentiment score of -0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Mr. Cooper Group this week, compared to 5 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mr. Cooper Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,794,870.00 in company stock.
Percentage Held by Insiders
Only 3.11% of the stock of Mr. Cooper Group is held by insiders.
Percentage Held by Institutions
83.91% of the stock of Mr. Cooper Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Mr. Cooper Group are expected to grow by 28.89% in the coming year, from $5.33 to $6.87 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mr. Cooper Group is 11.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mr. Cooper Group is 11.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.15.
Price to Book Value per Share Ratio
Mr. Cooper Group has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Mr. Cooper Group (NASDAQ:COOP) Stock

Mr. Cooper Group, Inc. engages in the provision of residential loan services. It operated through the following segments: Servicing, and Originations. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio. The Originations segment provides refinance opportunities to the existing servicing customers through direct-to-consumer platform and purchases loans from originators through correspondent channel. The company was founded in 1889 and is headquartered in Coppell, TX.

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COOP Stock News Headlines

June 5, 2023 | nytimes.com

Chris Licht of CNN Faces a Crisis. Here’s Why.

June 2, 2023 | americanbankingnews.com

Mr. Cooper Group Sees Unusually Large Options Volume (NASDAQ:COOP)

June 6, 2023 | Legacy Research (Affiliate) (Ad)

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June 1, 2023 | theglobeandmail.com

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June 1, 2023 | finance.yahoo.com

Craig Muir Joins Solomon Partners as Head of Software, Data and Analytics

May 31, 2023 | msn.com

Mr. Cooper Group CEO on rising mortgage rates

May 28, 2023 | forbes.com

Alice Cooper Tears Through The Hits During Revamped ‘Too Close For Comfort’ Tour

May 26, 2023 | fool.com

Mr. Cooper Group (NASDAQ: COOP)

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May 23, 2023 | bizjournals.com

Q&A with Madhavi Vellore, SVP of Technical Product Management at Mr. Cooper Group

May 18, 2023 | americanbankingnews.com

Mr. Cooper Group Sees Unusually High Options Volume (NASDAQ:COOP)

May 13, 2023 | americanbankingnews.com

Mr. Cooper Group (NASDAQ:COOP) Given New $59.00 Price Target at Credit Suisse Group

May 12, 2023 | msn.com

Credit Suisse Maintains Mr. Cooper Group (COOP) Outperform Recommendation

May 11, 2023 | marketwatch.com

8-K: Mr. Cooper Group Inc.

May 11, 2023 | marketwatch.com

Home Point Capital Shares Jump Premarket on Takeover by Mr. Cooper

May 11, 2023 | finance.yahoo.com

How Will Home Point Acquisition Benefit Mr. Cooper (COOP)?

May 10, 2023 | msn.com

Coppell’s Mr. Cooper buys wholesale mortgage lender in $324 million cash deal

May 10, 2023 | marketwatch.com

Mr. Cooper to Acquire Home Point Capital for $324M

May 10, 2023 | finance.yahoo.com

Mr. Cooper Group to Acquire Home Point Capital for $324 Million in Cash

May 10, 2023 | msn.com

Mr. Cooper: Will Be A Winner In An Era Of Consolidation

May 9, 2023 | markets.businessinsider.com

BTIG Reaffirms Their Buy Rating on Essent Group (ESNT)

May 5, 2023 | americanbankingnews.com

Stock Traders Purchase Large Volume of Call Options on Mr. Cooper Group (NASDAQ:COOP)

May 3, 2023 | americanbankingnews.com

Jesse K. Bray Sells 21,000 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) Stock

May 2, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Mr. Cooper Group Inc. (NASDAQ:COOP) Lifted by Jefferies Financial Group

May 2, 2023 | americanbankingnews.com

Equities Analysts Set Expectations for Mr. Cooper Group Inc.'s Q2 2023 Earnings (NASDAQ:COOP)

May 1, 2023 | msn.com

Mr. Cooper Shows Continued Positive Momentum in Q1, Though ROE and ROIC Post Declines

April 30, 2023 | americanbankingnews.com

Analysts Offer Predictions for Mr. Cooper Group Inc.'s FY2023 Earnings (NASDAQ:COOP)

See More Headlines

COOP Price History

30 days | 90 days | 365 days | Advanced Chart

COOP Company Calendar

Last Earnings: 10/28/2021
Today: 6/06/2023
Next Earnings (Estimated): 7/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Nondepository credit institutions
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:COOP
CUSIP: N/A
CIK: 933136
Web: mrcoopergroup.com
Phone: (469) 549-2000
Fax: N/A
Employees: 6,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $58.00
High Stock Price Forecast: $64.00
Low Stock Price Forecast: $48.00
Forecasted Upside/Downside: +20.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.11
Trailing P/E Ratio: 11.69
Forward P/E Ratio: 9.02
P/E Growth: N/A
Net Income: $923 million
Net Margins: 17.34%
Pretax Margin: 21.99%
Return on Equity: 4.94%
Return on Assets: 1.56%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.31
Quick Ratio: 0.31

Sales & Book Value

Annual Sales: $2.46 billion
Price / Sales: 1.33
Cash Flow: $3.23 per share
Price / Cash Flow: 14.86
Book Value: $57.49 per share
Price / Book: 0.84

Miscellaneous

Outstanding Shares: 68,050,000
Free Float: 65,937,000
Market Cap: $3.27 billion
Optionable: Not Optionable
Beta: 1.57

Key Executives

Jesse K. Bray
Chairman & Chief Executive Officer

Christopher G. Marshall
Vice Chairman & President

Kurt Johnson
Chief Financial Officer & Executive Vice President

Sridhar Sharma
Chief Information Officer & Executive VP

Christine Paxton
Group EVP, Chief Risk & Compliance Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

COOP Stock - Frequently Asked Questions

Should I buy or sell Mr. Cooper Group stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mr. Cooper Group in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" COOP shares.
View COOP analyst ratings or view top-rated stocks.
What is Mr. Cooper Group's stock price forecast for 2023?: 4 brokers have issued 12 month target prices for Mr. Cooper Group's shares. Their COOP share price forecasts range from $48.00 to $64.00. On average, they anticipate the company's stock price to reach $58.00 in the next year. This suggests a possible upside of 20.7% from the stock's current price.
View analysts price targets for COOP or view top-rated stocks among Wall Street analysts.
How have COOP shares performed in 2023?: Mr. Cooper Group's stock was trading at $40.13 at the beginning of the year. Since then, COOP shares have increased by 19.8% and is now trading at $48.06.
View the best growth stocks for 2023 here.
When is Mr. Cooper Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our COOP earnings forecast.
How were Mr. Cooper Group's earnings last quarter?: Mr. Cooper Group Inc. (NASDAQ:COOP) posted its quarterly earnings results on Thursday, October, 28th. The company reported $2.42 EPS for the quarter, beating the consensus estimate of $1.97 by $0.45. The firm had revenue of $860 million for the quarter, compared to analysts' expectations of $648.32 million. Mr. Cooper Group had a net margin of 17.34% and a trailing twelve-month return on equity of 4.94%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.76 earnings per share.
What ETFs hold Mr. Cooper Group's stock?: ETFs with the largest weight of Mr. Cooper Group (NASDAQ:COOP) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Value with Momentum ETF (XSVM), SPDR S&P Bank ETF (KBE), Cambria Shareholder Yield ETF (SYLD) and WisdomTree U.S. SmallCap Fund (EES).

What other stocks do shareholders of Mr. Cooper Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Mr. Cooper Group investors own include Rite Aid (RAD), Century Aluminum (CENX), WMIH (WMIH), Advanced Micro Devices (AMD), NVIDIA (NVDA), Pfizer (PFE), Bausch Health Companies (BHC), Cleveland-Cliffs (CLF), Tonix Pharmaceuticals (TNXP) and Enterprise Products Partners (EPD).
What is Mr. Cooper Group's stock symbol?: Mr. Cooper Group trades on the NASDAQ under the ticker symbol "COOP."
Who are Mr. Cooper Group's major shareholders?: Mr. Cooper Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.38%), State Street Corp (3.99%), Diamond Hill Capital Management Inc. (3.93%), Dimensional Fund Advisors LP (3.64%), Wellington Management Group LLP (3.18%) and Rubric Capital Management LP (2.55%). Insiders that own company stock include Eldridge A Burns, Eldridge A Burns, Jesse K Bray, Robert H Gidel, Robert H Gidel and Wand Investors Corp Kkr.
View institutional ownership trends.
How do I buy shares of Mr. Cooper Group?: Shares of COOP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Mr. Cooper Group's stock price today?: One share of COOP stock can currently be purchased for approximately $48.06.
How much money does Mr. Cooper Group make?: Mr. Cooper Group (NASDAQ:COOP) has a market capitalization of $3.27 billion and generates $2.46 billion in revenue each year. The company earns $923 million in net income (profit) each year or $4.11 on an earnings per share basis.
How many employees does Mr. Cooper Group have?: The company employs 6,600 workers across the globe.
How can I contact Mr. Cooper Group?: Mr. Cooper Group's mailing address is 8950 Cypress Waters Blvd, Coppell TX, 75019. The official website for the company is mrcoopergroup.com. The company can be reached via phone at (469) 549-2000 or via email at investor.relations@wamu.net.

This page (NASDAQ:COOP) was last updated on 6/6/2023 by MarketBeat.com Staff

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