Mr. Cooper Group (NASDAQ:COOP) Downgraded to “Strong Sell” at ValuEngine

Mr. Cooper Group (NASDAQ:COOP) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Wednesday, ValuEngine reports.

COOP has been the topic of a number of other reports. Piper Sandler raised Mr. Cooper Group from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $10.00 to $12.00 in a research note on Wednesday, March 18th. BidaskClub downgraded Mr. Cooper Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 19th. Zacks Investment Research raised Mr. Cooper Group from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research note on Friday, February 28th. Finally, TheStreet lowered Mr. Cooper Group from a “c-” rating to a “d+” rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $14.80.

Shares of NASDAQ:COOP traded up $0.85 during midday trading on Wednesday, reaching $6.95. The company’s stock had a trading volume of 1,342,000 shares, compared to its average volume of 647,921. The firm has a market capitalization of $501.15 million, a price-to-earnings ratio of -5.74 and a beta of 0.39. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a 50 day moving average price of $11.35 and a two-hundred day moving average price of $11.95. Mr. Cooper Group has a fifty-two week low of $5.25 and a fifty-two week high of $14.68.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.36. The company had revenue of $618.00 million for the quarter, compared to the consensus estimate of $543.95 million. Mr. Cooper Group had a positive return on equity of 20.89% and a negative net margin of 5.68%. As a group, research analysts anticipate that Mr. Cooper Group will post 4.35 earnings per share for the current year.

In other news, CFO Christopher G. Marshall bought 2,749 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $9.50 per share, with a total value of $26,115.50. Following the transaction, the chief financial officer now directly owns 665,975 shares of the company’s stock, valued at approximately $6,326,762.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.93% of the company’s stock.

A number of institutional investors have recently modified their holdings of COOP. Tower Research Capital LLC TRC bought a new stake in Mr. Cooper Group in the 3rd quarter valued at about $53,000. Great West Life Assurance Co. Can bought a new stake in Mr. Cooper Group during the 4th quarter worth approximately $58,000. Virtu Financial LLC bought a new stake in Mr. Cooper Group during the 3rd quarter worth approximately $111,000. ProShare Advisors LLC bought a new stake in Mr. Cooper Group during the 4th quarter worth approximately $129,000. Finally, SG Americas Securities LLC bought a new stake in Mr. Cooper Group during the 4th quarter worth approximately $147,000. 82.85% of the stock is owned by institutional investors and hedge funds.

About Mr. Cooper Group

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.

See Also: What is systematic risk?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Mr. Cooper Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mr. Cooper Group and related companies with MarketBeat.com's FREE daily email newsletter.