Shares of Mr. Cooper Group Inc (NASDAQ:COOP) have been assigned an average rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $15.50.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Mr. Cooper Group from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, May 28th. BTIG Research reaffirmed a “buy” rating and set a $21.00 price objective on shares of Mr. Cooper Group in a research note on Sunday, August 4th. Wedbush raised their price objective on shares of Mr. Cooper Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. ValuEngine raised shares of Mr. Cooper Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, TheStreet cut shares of Mr. Cooper Group from a “c” rating to a “d” rating in a research note on Friday, May 31st.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. acquired a new stake in Mr. Cooper Group in the 2nd quarter valued at $31,000. Royce & Associates LP acquired a new stake in Mr. Cooper Group in the 1st quarter valued at $46,000. Trexquant Investment LP acquired a new stake in Mr. Cooper Group in the 2nd quarter valued at $107,000. First Republic Investment Management Inc. acquired a new stake in Mr. Cooper Group in the 2nd quarter valued at $111,000. Finally, Jefferies Group LLC grew its stake in Mr. Cooper Group by 14.3% in the 2nd quarter. Jefferies Group LLC now owns 15,037 shares of the company’s stock valued at $120,000 after acquiring an additional 1,880 shares during the period. 83.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ COOP traded down $0.60 during midday trading on Tuesday, reaching $10.33. 56,356 shares of the stock were exchanged, compared to its average volume of 767,313. Mr. Cooper Group has a twelve month low of $6.57 and a twelve month high of $18.00. The firm has a 50-day simple moving average of $9.08 and a two-hundred day simple moving average of $9.07. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.89 and a quick ratio of 1.89.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.96. The business had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $249.10 million. Mr. Cooper Group had a net margin of 38.88% and a return on equity of 52.72%. Analysts expect that Mr. Cooper Group will post 2.2 EPS for the current year.

Mr. Cooper Group Company Profile

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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