Shares of Mr. Cooper Group Inc. (NASDAQ:COOP – Get Free Report) reached a new 52-week high during mid-day trading on Monday after Jefferies Financial Group raised their price target on the stock from $74.00 to $80.00. Jefferies Financial Group currently has a hold rating on the stock. Mr. Cooper Group traded as high as $78.62 and last traded at $78.07, with a volume of 362119 shares trading hands. The stock had previously closed at $77.55.
Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft began coverage on Mr. Cooper Group in a research note on Wednesday, January 10th. They set a “buy” rating and a $88.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on Mr. Cooper Group from $83.00 to $86.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Barclays boosted their target price on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Finally, Wedbush boosted their target price on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Mr. Cooper Group has a consensus rating of “Moderate Buy” and an average price target of $78.67.
Check Out Our Latest Research Report on COOP
Insider Transactions at Mr. Cooper Group
Hedge Funds Weigh In On Mr. Cooper Group
Several institutional investors have recently bought and sold shares of COOP. SG Americas Securities LLC purchased a new position in Mr. Cooper Group in the third quarter valued at approximately $198,000. Exchange Traded Concepts LLC bought a new stake in Mr. Cooper Group during the 3rd quarter valued at $667,000. Counterpoint Mutual Funds LLC bought a new stake in Mr. Cooper Group during the 3rd quarter valued at $219,000. Denali Advisors LLC bought a new stake in Mr. Cooper Group during the 3rd quarter valued at $933,000. Finally, Xponance Inc. raised its holdings in Mr. Cooper Group by 47.1% during the 3rd quarter. Xponance Inc. now owns 5,837 shares of the company’s stock valued at $313,000 after acquiring an additional 1,868 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.
Mr. Cooper Group Trading Up 1.8 %
The business’s fifty day simple moving average is $74.75 and its 200-day simple moving average is $66.29. The firm has a market cap of $5.19 billion, a P/E ratio of 10.83 and a beta of 1.38.
Mr. Cooper Group (NASDAQ:COOP – Get Free Report) last issued its earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.34. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. The business had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $398.31 million. As a group, research analysts expect that Mr. Cooper Group Inc. will post 9.01 earnings per share for the current fiscal year.
Mr. Cooper Group Company Profile
Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.
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