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

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.