Barclays Issues Positive Forecast for Mr. Cooper Group (NASDAQ:COOP) Stock Price

Mr. Cooper Group (NASDAQ:COOP) had its price target lifted by research analysts at Barclays from $111.00 to $130.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 21.83% from the company’s current price.

Several other brokerages also recently issued reports on COOP. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. JMP Securities began coverage on Mr. Cooper Group in a research report on Tuesday, January 14th. They set an “outperform” rating and a $115.00 target price on the stock. Compass Point upped their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Piper Sandler increased their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Wedbush restated an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $106.88.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $106.71 on Thursday. Mr. Cooper Group has a fifty-two week low of $70.01 and a fifty-two week high of $108.56. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.31 and a beta of 1.43. The stock has a fifty day moving average of $99.01 and a two-hundred day moving average of $94.78.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. On average, analysts forecast that Mr. Cooper Group will post 10.18 EPS for the current fiscal year.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the transaction, the chief executive officer now directly owns 758,821 shares of the company’s stock, valued at $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in Mr. Cooper Group by 35.9% during the 3rd quarter. SG Americas Securities LLC now owns 3,000 shares of the company’s stock worth $277,000 after purchasing an additional 793 shares during the period. Creative Planning lifted its stake in shares of Mr. Cooper Group by 13.5% during the third quarter. Creative Planning now owns 21,669 shares of the company’s stock worth $1,997,000 after purchasing an additional 2,570 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Mr. Cooper Group by 71.8% in the third quarter. Blue Trust Inc. now owns 572 shares of the company’s stock worth $53,000 after buying an additional 239 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Mr. Cooper Group in the third quarter valued at about $203,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Mr. Cooper Group in the third quarter valued at about $344,000. Institutional investors and hedge funds 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.