WMIH Corp (COOP) Given Consensus Recommendation of “Hold” by Analysts
WMIH Corp (NASDAQ:COOP) has been given a consensus broker rating score of 2.75 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation, one has issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. WMIH’s rating score has improved by 15.4% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price objective of $19.48 for the company and are predicting that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also given WMIH an industry rank of 72 out of 257 based on the ratings given to related companies.
A number of research analysts have recently commented on the company. Barclays set a $17.00 price target on WMIH and gave the stock a “sell” rating in a report on Tuesday, October 16th. Wedbush reiterated a “buy” rating and set a $23.00 price target on shares of WMIH in a report on Wednesday, October 17th. Zacks Investment Research upgraded WMIH from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Piper Jaffray Companies upgraded WMIH from an “underweight” rating to a “neutral” rating in a report on Tuesday, October 30th.
COOP traded up $0.05 on Thursday, hitting $14.62. The company had a trading volume of 80,749 shares, compared to its average volume of 743,409. WMIH has a 1-year low of $7.20 and a 1-year high of $20.04. The firm has a market cap of $272.71 million, a P/E ratio of 124.83 and a beta of -0.63.
WMIH (NASDAQ:COOP) last posted its earnings results on Thursday, November 8th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.05. WMIH had a return on equity of 18.07% and a net margin of 229.44%. On average, research analysts expect that WMIH will post 2.06 EPS for the current year.
WMIH Company Profile
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. It offers home loan servicers focused on delivering various servicing and lending products, services, and technologies. The company provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents, and mortgage companies.
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