Mr. Cooper Group (NASDAQ:COOP) Given Buy Rating at Credit Suisse Group

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Credit Suisse Group reissued their buy rating on shares of Mr. Cooper Group (NASDAQ:COOP) in a report published on Tuesday, AnalystRatings.com reports.

Several other equities research analysts also recently weighed in on the company. BidaskClub raised Mr. Cooper Group from a hold rating to a buy rating in a report on Saturday, July 25th. Piper Sandler increased their price target on shares of Mr. Cooper Group from $12.00 to $15.00 and gave the stock an overweight rating in a report on Tuesday, June 2nd. Zacks Investment Research raised Mr. Cooper Group from a sell rating to a buy rating and set a $14.00 price objective on the stock in a report on Wednesday, July 1st. Wedbush upgraded Mr. Cooper Group from a neutral rating to an outperform rating and set a $13.00 target price on the stock in a research report on Friday, May 15th. Finally, KeyCorp raised their price target on Mr. Cooper Group from $12.00 to $14.00 and gave the company an overweight rating in a report on Tuesday, July 7th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Mr. Cooper Group presently has a consensus rating of Buy and a consensus price target of $16.43.

Shares of Mr. Cooper Group stock opened at $16.33 on Tuesday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $1.47 billion, a P/E ratio of 2.54 and a beta of 1.26. Mr. Cooper Group has a 1 year low of $4.31 and a 1 year high of $16.94. The company’s fifty day moving average is $12.66 and its two-hundred day moving average is $11.03.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $278.00 million for the quarter, compared to analyst estimates of $418.35 million. Mr. Cooper Group had a return on equity of 28.82% and a net margin of 3.26%. As a group, equities analysts expect that Mr. Cooper Group will post 4.21 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in COOP. Victory Capital Management Inc. raised its holdings in shares of Mr. Cooper Group by 84.2% in the 4th quarter. Victory Capital Management Inc. now owns 23,119 shares of the company’s stock worth $289,000 after purchasing an additional 10,566 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of Mr. Cooper Group during the 4th quarter valued at $58,000. Raymond James & Associates lifted its stake in shares of Mr. Cooper Group by 196.6% during the fourth quarter. Raymond James & Associates now owns 36,297 shares of the company’s stock worth $454,000 after purchasing an additional 24,058 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Mr. Cooper Group by 191.4% in the fourth quarter. Renaissance Technologies LLC now owns 139,296 shares of the company’s stock worth $1,743,000 after buying an additional 91,497 shares during the period. Finally, Amalgamated Bank boosted its position in shares of Mr. Cooper Group by 6.9% in the fourth quarter. Amalgamated Bank now owns 13,101 shares of the company’s stock worth $164,000 after buying an additional 851 shares during the period. Institutional investors and hedge funds own 82.95% of the company’s stock.

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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Analyst Recommendations for Mr. Cooper Group (NASDAQ:COOP)

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