Mr. Cooper Group (NASDAQ:COOP) PT Raised to $110.00 at Compass Point

Mr. Cooper Group (NASDAQ:COOP) had its target price hoisted by Compass Point from $97.00 to $110.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Compass Point’s target price suggests a potential upside of 24.58% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods cut Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a research note on Monday, July 22nd. Piper Sandler boosted their target price on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Wedbush reiterated an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

Mr. Cooper Group Stock Performance

Shares of Mr. Cooper Group stock traded up $0.93 during midday trading on Thursday, hitting $88.30. The company had a trading volume of 223,728 shares, compared to its average volume of 441,731. Mr. Cooper Group has a 52-week low of $52.73 and a 52-week high of $97.35. The stock has a market capitalization of $5.69 billion, a P/E ratio of 8.32 and a beta of 1.40. The company has a 50 day moving average of $92.05 and a 200 day moving average of $85.87.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.19. The firm had revenue of $583.00 million during the quarter, compared to the consensus estimate of $552.09 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. Equities research analysts forecast that Mr. Cooper Group will post 9.98 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in Mr. Cooper Group by 77.1% during the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Mr. Cooper Group by 8,275.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock worth $27,000 after purchasing an additional 331 shares during the last quarter. Quarry LP purchased a new stake in Mr. Cooper Group in the second quarter valued at approximately $29,000. CWM LLC raised its position in Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after buying an additional 154 shares during the last quarter. Finally, Perkins Coie Trust Co acquired a new stake in Mr. Cooper Group during the 2nd quarter valued at approximately $81,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

About Mr. Cooper Group

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.