S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NASDAQ:COOP

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

$44.47
+0.43 (+0.98%)
(As of 08/5/2022 08:48 PM ET)
Add
Compare
Today's Range
$43.70
$44.87
50-Day Range
$36.70
$45.44
52-Week Range
$35.81
$52.34
Volume
315,700 shs
Average Volume
877,759 shs
Market Capitalization
$3.19 billion
P/E Ratio
2.79
Dividend Yield
N/A
Price Target
$57.25

Mr. Cooper Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
28.7% Upside
$57.25 Price Target
Short Interest
Bearish
8.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
0.59mentions of Mr. Cooper Group in the last 14 days
Based on 10 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.

2.76 out of 5 stars

Finance Sector

259th out of 1,175 stocks

Nondepository Credit Institutions Industry

8th out of 45 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 Analysts Forecast Growth

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

Mr. Cooper Group Trading Up 1.0 %

COOP Stock traded up $0.43 during trading on Friday, hitting $44.47. 315,712 shares of the company's stock were exchanged, compared to its average volume of 536,183. The business has a 50-day moving average price of $40.34 and a two-hundred day moving average price of $43.41. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 2.79 and a beta of 1.49. Mr. Cooper Group has a 52-week low of $35.81 and a 52-week high of $52.34.

Mr. Cooper Group (NASDAQ:COOP - Get Rating) last posted its earnings results on Wednesday, July 27th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. The firm had revenue of $599.00 million during 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, equities research analysts anticipate 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 Mr. Cooper Group news, CEO Jesse K. Bray sold 46,000 shares of the business's stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $38.32, for a total value of $1,762,720.00. Following the completion of the sale, the chief executive officer now owns 654,767 shares in the company, valued at $25,090,671.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders sold 138,000 shares of company stock worth $5,566,000. 2.59% of the stock is owned by insiders.

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COOP Stock News Headlines

A Cynical Low for the Democratic Party
Mr. Cooper Group (NASDAQ:COOP) Shares Gap Up to $40.45
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
8/07/2022
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
+28.7%
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
$10.93 per share
Book Value
$44.82 per share

Miscellaneous

Free Float
69,794,000
Market Cap
$3.19 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" Mr. Cooper Group stock.
View analyst ratings for Mr. Cooper Group
or view top-rated stocks.

What is Mr. Cooper Group's stock price forecast for 2022?

4 brokerages have issued twelve-month price targets for Mr. Cooper Group's shares. Their COOP stock forecasts range from $43.00 to $71.00. On average, they predict Mr. Cooper Group's share price to reach $57.25 in the next twelve months. This suggests a possible upside of 28.7% from the stock's current price.
View analysts' price targets for Mr. Cooper Group
or view top-rated stocks among Wall Street analysts.

How has Mr. Cooper Group's stock performed in 2022?

Mr. Cooper Group's stock was trading at $41.61 at the beginning of 2022. Since then, COOP stock has increased by 6.9% and is now trading at $44.47.
View the best growth stocks for 2022 here
.

Are investors shorting Mr. Cooper Group?

Mr. Cooper Group saw a increase in short interest in July. As of July 15th, there was short interest totaling 5,920,000 shares, an increase of 24.6% from the June 30th total of 4,750,000 shares. Based on an average trading volume of 807,100 shares, the days-to-cover ratio is presently 7.3 days. Approximately 8.7% of the company's shares are sold short.
View Mr. Cooper Group's Short Interest
.

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

Mr. Cooper Group is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for Mr. Cooper Group
.

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

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

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 number of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.64%), Wolverine Asset Management LLC (0.00%), New York State Teachers Retirement System (0.18%), Cambria Investment Management L.P. (0.16%), Assetmark Inc. (0.09%) and Comerica Bank (0.09%). Company insiders that own Mr. Cooper Group 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 for Mr. Cooper Group
.

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 $44.47.

How much money does Mr. Cooper Group make?

Mr. Cooper Group (NASDAQ:COOP) has a market capitalization of $3.19 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?

Mr. Cooper Group 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 Mr. Cooper Group 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 8/8/2022 by MarketBeat.com Staff

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