Mr. Cooper Group (NASDAQ:COOP) Given New $110.00 Price Target at Compass Point

Mr. Cooper Group (NASDAQ:COOP) had its price target hoisted by Compass Point from $97.00 to $110.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Barclays boosted their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a research report on Monday, July 22nd. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday. Finally, Piper Sandler lifted their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average price target of $98.00.

Mr. Cooper Group Stock Down 0.4 %

NASDAQ COOP opened at $88.52 on Thursday. Mr. Cooper Group has a fifty-two week low of $54.07 and a fifty-two week high of $97.35. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 9.27 and a beta of 1.40. The business has a fifty day moving average of $91.98 and a 200-day moving average of $86.09.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The company had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. During the same period in the previous year, the firm posted $2.79 earnings per share. The business’s revenue for the quarter was up 32.8% compared to the same quarter last year. As a group, analysts anticipate that Mr. Cooper Group will post 9.98 EPS for the current year.

Institutional Investors Weigh In On Mr. Cooper Group

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Mr. Cooper Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,668,898 shares of the company’s stock worth $597,791,000 after buying an additional 42,860 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Mr. Cooper Group by 11.1% in the third quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock worth $114,988,000 after buying an additional 125,055 shares during the period. LSV Asset Management boosted its position in shares of Mr. Cooper Group by 249.2% in the second quarter. LSV Asset Management now owns 633,260 shares of the company’s stock worth $51,440,000 after buying an additional 451,926 shares during the period. Cercano Management LLC boosted its position in shares of Mr. Cooper Group by 39.1% in the first quarter. Cercano Management LLC now owns 502,618 shares of the company’s stock worth $39,179,000 after buying an additional 141,332 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Mr. Cooper Group by 984.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after buying an additional 354,905 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Company Profile

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.