Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $12.00

Mr. Cooper Group (NASDAQ:COOP) had its price target raised by Wedbush from $10.00 to $12.00 in a research note released on Friday, BenzingaRatingsTable reports. They currently have an outperform rating on the stock.

Several other research firms also recently weighed in on COOP. Zacks Investment Research raised Mr. Cooper Group from a hold rating to a strong-buy rating and set a $11.00 target price for the company in a report on Tuesday, May 28th. TheStreet downgraded Mr. Cooper Group from a c rating to a d rating in a report on Friday, May 31st. Finally, ValuEngine raised Mr. Cooper Group from a sell rating to a hold rating in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $15.50.

NASDAQ COOP traded down $0.19 during trading on Friday, reaching $8.85. 6,941 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. The stock has a 50 day simple moving average of $7.71. Mr. Cooper Group has a 1 year low of $6.57 and a 1 year high of $20.04.

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

In other news, CEO Jesse K. Bray bought 52,910 shares of Mr. Cooper Group stock in a transaction dated 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.93% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of COOP. PNC Financial Services Group Inc. lifted its holdings in shares of Mr. Cooper Group by 60.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,768 shares of the company’s stock valued at $36,000 after purchasing an additional 1,422 shares during the last quarter. Royce & Associates LP purchased a new stake in Mr. Cooper Group during the 1st quarter valued at approximately $46,000. Great West Life Assurance Co. Can purchased a new stake in Mr. Cooper Group during the 4th quarter valued at approximately $99,000. SG Americas Securities LLC purchased a new stake in Mr. Cooper Group during the 1st quarter valued at approximately $139,000. Finally, Regent Investment Management LLC raised its stake in Mr. Cooper Group by 19.3% during the 2nd quarter. Regent Investment Management LLC now owns 18,524 shares of the company’s stock valued at $148,000 after acquiring an additional 3,000 shares during the last quarter. 83.78% 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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