Brokerages Set Mr. Cooper Group Inc (COOP) Price Target at $15.63

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Mr. Cooper Group Inc (NASDAQ:COOP) has received a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.63.

COOP has been the subject of several research reports. Zacks Investment Research downgraded shares of Mr. Cooper Group from a “hold” rating to a “strong sell” rating in a report on Monday, December 31st. ValuEngine downgraded shares of Mr. Cooper Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Piper Jaffray Companies downgraded shares of Mr. Cooper Group from a “neutral” rating to an “underweight” rating in a report on Wednesday, March 20th. Barclays set a $18.00 price objective on shares of Mr. Cooper Group and gave the company a “hold” rating in a report on Friday, March 8th. Finally, Wedbush set a $13.50 price objective on shares of Mr. Cooper Group and gave the company an “outperform” rating in a report on Tuesday, March 26th.

Shares of COOP traded down $0.19 during midday trading on Friday, hitting $8.56. 837,276 shares of the company traded hands, compared to its average volume of 760,611. Mr. Cooper Group has a 52 week low of $8.48 and a 52 week high of $20.04. The company has a market capitalization of $820.29 million, a PE ratio of 71.33 and a beta of 0.46. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 3.49.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $28,000. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $46,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $56,000. American National Bank purchased a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $96,000. Finally, Great West Life Assurance Co. Can purchased a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $99,000. Hedge funds and other institutional investors own 89.33% of the company’s stock.

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.

Further Reading: Resistance Level

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