Mr. Cooper Group (NASDAQ:COOP) received a $13.50 price objective from equities research analysts at Wedbush in a report released on Tuesday, The Fly reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective would indicate a potential upside of 39.32% from the stock’s previous close. Wedbush also issued estimates for Mr. Cooper Group’s Q3 2019 earnings at $0.48 EPS, Q4 2019 earnings at $0.50 EPS and Q2 2020 earnings at $0.39 EPS.

A number of other analysts also recently commented on COOP. Zacks Investment Research downgraded Mr. Cooper Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 22nd. ValuEngine downgraded Mr. Cooper Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. BTIG Research assumed coverage on Mr. Cooper Group in a research report on Thursday, November 29th. They set a “buy” rating and a $21.00 price target for the company. Barclays set a $18.00 price target on Mr. Cooper Group and gave the company a “hold” rating in a research report on Friday, March 8th. Finally, Piper Jaffray Companies downgraded Mr. Cooper Group from a “neutral” rating to an “underweight” rating in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.50.

Shares of COOP opened at $9.69 on Tuesday. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.42 and a quick ratio of 2.42. The company has a market cap of $872.90 million, a P/E ratio of 80.83 and a beta of 0.50. Mr. Cooper Group has a 12 month low of $9.15 and a 12 month high of $20.04.

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. purchased a new stake in Mr. Cooper Group in the fourth quarter worth $28,000. Bronfman E.L. Rothschild L.P. purchased a new stake in Mr. Cooper Group in the fourth quarter worth $46,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Mr. Cooper Group in the fourth quarter worth $56,000. American National Bank purchased a new stake in Mr. Cooper Group in the fourth quarter worth $96,000. Finally, Great West Life Assurance Co. Can purchased a new stake in Mr. Cooper Group in the fourth quarter worth $99,000. 89.33% of the stock is owned by institutional investors and hedge funds.

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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