Mr. Cooper Group (NASDAQ:COOP) Stock Rating Reaffirmed by BTIG Research

Mr. Cooper Group (NASDAQ:COOP)‘s stock had its “buy” rating reaffirmed by equities researchers at BTIG Research in a report issued on Sunday, AnalystRatings.com reports. They currently have a $21.00 target price on the stock. BTIG Research’s price target would indicate a potential upside of 132.30% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Mr. Cooper Group from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a report on Tuesday, May 28th. Wedbush increased their target price on shares of Mr. Cooper Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday. TheStreet cut shares of Mr. Cooper Group from a “c” rating to a “d” rating in a report on Friday, May 31st. Finally, ValuEngine upgraded shares of Mr. Cooper Group from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $15.50.

Mr. Cooper Group stock traded up $0.50 during midday trading on Friday, hitting $9.04. 856,730 shares of the company’s stock were exchanged, compared to its average volume of 608,225. The company has a debt-to-equity ratio of 3.63, a current ratio of 2.06 and a quick ratio of 2.06. Mr. Cooper Group has a 12 month low of $6.57 and a 12 month high of $20.04. The business’s 50-day moving average price is $7.71.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Thursday, August 1st. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.96. Mr. Cooper Group had a net margin of 32.85% and a return on equity of 54.12%. The company had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $249.10 million. On average, equities analysts expect that Mr. Cooper Group will post 1.55 earnings per share for the current year.

In other news, CEO Jesse K. Bray purchased 52,910 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was acquired at an average cost of $9.36 per share, with a total value of $495,237.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Christopher G. Marshall purchased 110,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were purchased at an average cost of $9.08 per share, with a total value of $998,800.00. The disclosure for this purchase can be found here. 0.93% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in COOP. PNC Financial Services Group Inc. lifted its position in shares of Mr. Cooper Group by 60.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,768 shares of the company’s stock valued at $36,000 after buying an additional 1,422 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of Mr. Cooper Group during the first quarter valued at about $46,000. Great West Life Assurance Co. Can purchased a new position in shares of Mr. Cooper Group in the 4th quarter valued at approximately $99,000. SG Americas Securities LLC purchased a new position in shares of Mr. Cooper Group in the 1st quarter valued at approximately $139,000. Finally, Regent Investment Management LLC raised its position in shares of Mr. Cooper Group by 19.3% in the 2nd quarter. Regent Investment Management LLC now owns 18,524 shares of the company’s stock valued at $148,000 after purchasing an additional 3,000 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.

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