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NASDAQ:COOP

Mr. Cooper Group - COOP Stock Forecast, Price & News

$47.21
+0.57 (+1.22%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$46.24
$47.23
50-Day Range
$36.70
$47.21
52-Week Range
$35.81
$52.34
Volume
569,629 shs
Average Volume
863,594 shs
Market Capitalization
$3.38 billion
P/E Ratio
2.97
Dividend Yield
N/A
Price Target
$57.25

Mr. Cooper Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
21.3% Upside
$57.25 Price Target
Short Interest
Healthy
6.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
0.74mentions of Mr. Cooper Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$5.57 M Sold Last Quarter
Proj. Earnings Growth
118.66%
From $2.84 to $6.21 Per Share

Overall MarketRank

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

2.49 out of 5 stars

Finance Sector

343rd out of 924 stocks

Nondepository Credit Institutions Industry

10th out of 33 stocks

COOP stock logo

About Mr. Cooper Group (NASDAQ:COOP) Stock

Mr. Cooper Group Inc. provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans. The Originations segment originates residential mortgage loans through its direct-to-consumer channel, as well as originates and purchases loans from mortgage bankers and brokers. It operates primarily under the Mr. Cooper and Xome brands. The company was formerly known as WMIH Corp. and changed its name to Mr. Cooper Group Inc. in October 2018. Mr. Cooper Group Inc. was incorporated in 2015 and is based in Coppell, Texas.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Credit Suisse Group dropped their target price on Mr. Cooper Group to $55.00 in a research report on Friday, July 22nd. Barclays lowered their target price on Mr. Cooper Group from $44.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Monday, July 11th. TheStreet raised Mr. Cooper Group from a "c+" rating to a "b" rating in a research report on Wednesday, May 4th. Finally, BTIG Research started coverage on shares of Mr. Cooper Group in a research report on Wednesday, April 20th. They set a "neutral" rating for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and an average price target of $57.25.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock traded up $0.44 on Tuesday, hitting $47.08. 14,821 shares of the company's stock traded hands, compared to its average volume of 571,336. The firm's 50-day moving average price is $40.61 and its two-hundred day moving average price is $43.60. The stock has a market capitalization of $3.37 billion, a PE ratio of 2.93 and a beta of 1.49. Mr. Cooper Group has a one year low of $35.81 and a one year high of $52.34.

Mr. Cooper Group (NASDAQ:COOP - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. The business had revenue of $599.00 million for the quarter, compared to analysts' expectations of $434.70 million. Mr. Cooper Group had a return on equity of 11.01% and a net margin of 39.35%. On average, analysts forecast that Mr. Cooper Group will post 2.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 46,000 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $40.23, for a total value of $1,850,580.00. Following the transaction, the chief executive officer now directly owns 608,767 shares of the company's stock, valued at $24,490,696.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 138,000 shares of company stock worth $5,566,000 over the last ninety days. 2.59% of the stock is currently owned by corporate insiders.

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COOP Stock News Headlines

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Mr. Cooper Group (NASDAQ:COOP) Shares Gap Up to $40.45
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Why Shares of Mr. Cooper Group Are Rising Today
Mr. Cooper Group Reports Second Quarter 2022 Results
See More Headlines
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COOP Company Calendar

Last Earnings
7/27/2022
Today
8/16/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:COOP
Fax
N/A
Employees
8,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$57.25
High Stock Price Forecast
$71.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+21.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$1.45 billion
Pretax Margin
54.72%

Debt

Sales & Book Value

Annual Sales
$3.32 billion
Cash Flow
$11.03 per share
Book Value
$44.82 per share

Miscellaneous

Free Float
69,794,000
Market Cap
$3.38 billion
Optionable
Not Optionable
Beta
1.49

Key Executives

  • Mr. Jesse K. Bray (Age 55)
    Chairman & CEO
    Comp: $4.01M
  • Mr. Christopher G. Marshall (Age 62)
    Vice Chairman & Pres
    Comp: $2.76M
  • Mr. Michael R. Rawls (Age 52)
    Exec. VP & CEO of Xome
    Comp: $2.51M
  • Mr. Jaime Gow
    Exec. VP & CFO
  • Mr. Sridhar Sharma
    Exec. VP & Chief Information Officer
  • Ms. Kelly Ann Doherty
    Exec. VP & Chief Admin. Officer
  • Mr. Kenneth A. Posner (Age 59)
    Sr. VP of Strategic Planning & Investor Relations
  • Mr. Kurt G. Johnson (Age 52)
    Exec. VP, Chief Risk & Compliance Officer
  • Christen Reyenga
    VP of Corp. Communications
  • Ms. Angela Greenfeather
    Exec. VP & Chief HR Officer













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 twelve months. There are currently 2 hold ratings and 2 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 2022?

4 analysts have issued 1 year price targets for Mr. Cooper Group's shares. Their COOP share price forecasts range from $43.00 to $71.00. On average, they anticipate the company's stock price to reach $57.25 in the next year. This suggests a possible upside of 21.3% 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 2022?

Mr. Cooper Group's stock was trading at $41.61 on January 1st, 2022. Since then, COOP shares have increased by 13.5% and is now trading at $47.21.
View the best growth stocks for 2022 here
.

When is Mr. Cooper Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our COOP earnings forecast
.

How were Mr. Cooper Group's earnings last quarter?

Mr. Cooper Group Inc. (NASDAQ:COOP) announced its earnings results on Wednesday, July, 27th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. The company earned $599 million during the quarter, compared to analysts' expectations of $434.70 million. Mr. Cooper Group had a net margin of 39.35% and a trailing twelve-month return on equity of 11.01%.

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 many different institutional and retail investors. Top institutional investors include State Street Corp (4.46%), Millennium Management LLC (1.57%), Northern Trust Corp (1.30%), Deutsche Bank AG (1.05%), Group One Trading L.P. (0.00%) and Principal Financial Group Inc. (0.75%). Insiders that own company stock include Christopher G Marshall, 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 $47.21.

How much money does Mr. Cooper Group make?

Mr. Cooper Group (NASDAQ:COOP) has a market capitalization of $3.38 billion and generates $3.32 billion in revenue each year. The company earns $1.45 billion in net income (profit) each year or $15.92 on an earnings per share basis.

How many employees does Mr. Cooper Group have?

The company employs 8,200 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 8/16/2022 by MarketBeat.com Staff

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