ValuEngine Upgrades Mr. Cooper Group (COOP) to Hold

ValuEngine upgraded shares of Mr. Cooper Group (NASDAQ:COOP) from a sell rating to a hold rating in a report published on Thursday, ValuEngine reports.

Several other research firms have also recently issued reports on COOP. Piper Jaffray Companies cut shares of Mr. Cooper Group from a neutral rating to an underweight rating in a report on Wednesday, March 20th. Wedbush set a $13.50 price target on shares of Mr. Cooper Group and gave the company an outperform rating in a report on Tuesday, March 26th. Zacks Investment Research cut shares of Mr. Cooper Group from a buy rating to a hold rating in a report on Monday, May 13th. Finally, Barclays set a $18.00 price target on shares of Mr. Cooper Group and gave the company a hold rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $15.63.

COOP opened at $9.23 on Thursday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 2.06 and a current ratio of 2.06. Mr. Cooper Group has a 12-month low of $8.05 and a 12-month high of $20.04.



Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.33. The firm had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $455.10 million. Mr. Cooper Group had a net margin of 47.66% and a return on equity of 62.93%. On average, analysts predict that Mr. Cooper Group will post 1.45 earnings per share for the current fiscal year.

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

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $28,000. Bronfman E.L. Rothschild L.P. acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $46,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $56,000. Royce & Associates LP acquired a new stake in shares of Mr. Cooper Group during the first quarter worth $46,000. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $99,000. 87.06% of the stock is currently owned by institutional investors.

About Mr. Cooper Group

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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