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

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) had its target price increased by research analysts at Compass Point from $97.00 to $110.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Compass Point's target price indicates a potential upside of 23.76% from the company's current price.

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

Mr. Cooper Group Stock Up 1.7 %

Shares of NASDAQ:COOP traded up $1.51 on Thursday, hitting $88.88. 849,850 shares of the company traded hands, compared to its average volume of 444,771. The stock has a 50 day simple moving average of $92.05 and a 200-day simple moving average of $85.87. The company has a market cap of $5.73 billion, a PE ratio of 8.32 and a beta of 1.40. Mr. Cooper Group has a 52 week low of $52.73 and a 52 week high of $97.35.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.19. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The business had revenue of $583.00 million during the quarter, compared to analysts' expectations of $552.09 million. During the same period in the previous year, the company earned $1.66 earnings per share. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mr. Cooper Group will post 9.98 earnings per share for the current year.

Institutional Investors Weigh In On Mr. Cooper Group

Large investors have recently made changes to their positions in the company. Blue Trust Inc. grew its position in Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company's stock valued at $26,000 after buying an additional 145 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Mr. Cooper Group by 8,275.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock worth $27,000 after acquiring an additional 331 shares during the last quarter. Quarry LP bought a new stake in shares of Mr. Cooper Group during the 2nd quarter valued at $29,000. Financial Management Professionals Inc. purchased a new stake in shares of Mr. Cooper Group in the 3rd quarter worth $30,000. Finally, CWM LLC raised its holdings in Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company's stock worth $49,000 after purchasing an additional 154 shares during the period. 89.82% of the stock is currently owned by institutional investors.

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.