Shares of Mr. Cooper Group Inc (NASDAQ:COOP) traded down 5.2% on Friday . The company traded as low as $9.02 and last traded at $9.05, 560,285 shares changed hands during mid-day trading. A decline of 32% from the average session volume of 826,750 shares. The stock had previously closed at $9.55.
A number of research analysts have recently weighed in on the company. TheStreet cut Mr. Cooper Group from a “c” rating to a “d” rating in a research report on Friday, May 31st. Zacks Investment Research upgraded Mr. Cooper Group from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research report on Tuesday, May 28th. ValuEngine upgraded Mr. Cooper Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. BTIG Research restated a “buy” rating and issued a $21.00 price target on shares of Mr. Cooper Group in a research report on Sunday, August 4th. Finally, Wedbush raised their price target on Mr. Cooper Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.50.
The business has a 50-day moving average of $8.41 and a 200 day moving average of $9.71. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.89 and a current ratio of 1.89.
Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.96. The firm had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $249.10 million. Mr. Cooper Group had a return on equity of 52.72% and a net margin of 38.88%. As a group, analysts expect that Mr. Cooper Group Inc will post 2.2 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. purchased a new stake in Mr. Cooper Group during the 2nd quarter worth about $31,000. PNC Financial Services Group Inc. increased its position in Mr. Cooper Group by 60.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,768 shares of the company’s stock worth $36,000 after purchasing an additional 1,422 shares in the last quarter. Royce & Associates LP purchased a new stake in Mr. Cooper Group during the 1st quarter worth about $46,000. Trexquant Investment LP purchased a new stake in Mr. Cooper Group during the 2nd quarter worth about $107,000. Finally, First Republic Investment Management Inc. purchased a new stake in Mr. Cooper Group during the 2nd quarter worth about $111,000. Hedge funds and other institutional investors own 83.84% of the company’s stock.
Mr. Cooper Group Company Profile (NASDAQ:COOP)
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.
See Also: Compound Annual Growth Rate (CAGR)
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