As of September 19, 2023, Mr. Cooper Gr, a prominent mortgage servicing and origination company, has garnered various analyst ratings. These ratings are the result of meticulous research, including attending company conference calls and meetings, analyzing financial statements, and engaging with insiders. Analysts typically evaluate stocks once per quarter and often provide additional guidance through predictions for metrics like growth estimates, earnings, and revenue.
During the last quarter, Mr. Cooper Gr received the following analyst ratings: 1 bullish, 2 somewhat bullish, 1 indifferent, 0 somewhat bearish, and 0 bearish. These ratings collectively indicate an average price target of $65.5, which is higher than the current price of $54.12, suggesting potential upside. Notably, the current average price target has increased by 13.91% compared to the previous average of $57.50.
However, it is essential to remember that analysts, like any other individuals, have their own opinions and perspectives. Their ratings and predictions serve as valuable guidance for investors but should not be solely relied upon. For those interested in tracking the performance of analysts, Benzinga Pro offers updated analyst ratings and success scores.
Mr. Cooper Group Inc.
COOP
Strong Buy
Updated on: 19/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Buy
DCF: Strong Buy
ROE: Neutral
COOP Stock Performance: Stable with Slight Increase in Price on September 19, 2023
On September 19, 2023, COOP stock had a relatively stable performance, with a slight increase in price. The stock’s previous close was $54.00, and it opened at the same price of $54.00. Throughout the day, the stock traded within a range of $53.90 to $54.92. The trading volume was relatively low at 24,274 shares, compared to the average volume of 605,077 shares over the past three months.
COOP, with a market capitalization of $3.6 billion, operates in the finance sector, specifically in the finance/rental/leasing industry. The company’s earnings growth in the last year was -25.53%, but it has shown a significant improvement in the current year with a growth rate of +93.63%. The earnings growth forecast for the next five years is not available at the moment.
In terms of revenue growth, COOP experienced a decline of -21.98% in the previous year. Despite this, the company has maintained a strong net profit margin of 37.04%. The stock has a price-to-earnings (P/E) ratio of 12.5, indicating that investors are willing to pay $12.5 for every dollar of earnings. The price/sales ratio stands at 1.19, suggesting that the stock is slightly undervalued, and the price/book ratio is 0.92, indicating that the stock is trading below its book value.
Looking at the performance of other stocks in the finance sector on September 19, 2023, QFINQifu Technology Inc saw an increase of $0.31 or 2.07%, GHIGreystone Housing Im… increased by $0.04 or 0.24%, and JFINJiayin Group Inc rose by $0.12 or 2.44%. On the other hand, CNFCNFinance Holdings L… witnessed a decline of $0.23 or 6.80%.
COOP’s next reporting date is scheduled for October 26, 2023, and analysts are forecasting an earnings per share (EPS) of $1.31 for the current quarter. In the previous year, the company generated an annual revenue of $2.5 billion and a profit of $923.0 million.
COOP’s corporate headquarters is located in Coppell, Texas. However, there are no executives listed for the company at the moment.
Overall, COOP’s stock performance on September 19, 2023, was relatively stable, with a slight increase in price. The company has shown strong earnings growth in the current year and maintains a healthy net profit margin. Investors will be looking forward to the upcoming earnings report on October 26, 2023, to assess the company’s financial performance for the current quarter.
COOP Stock Shows Promising Performance with Positive Outlook Predicted by Analysts
On September 19, 2023, Mr Cooper Group Inc (COOP) stock showed promising performance, with analysts predicting a positive outlook for the company. According to data from CNN Money, the five analysts offering 12-month price forecasts for COOP stock have a median target of $67.00. The high estimate stands at $72.00, while the low estimate is $58.00. This median estimate represents a significant increase of 24.19% from the last recorded price of $53.95.
Furthermore, a consensus among six polled investment analysts suggests that buying COOP stock is a favorable decision. This rating has remained steady since September, indicating that the buy recommendation has not changed.
In terms of financials, Mr Cooper Group Inc reported impressive figures for the current quarter. Earnings per share were recorded at $1.31, demonstrating the company’s profitability. Additionally, sales reached $465.4 million, reflecting a healthy revenue stream. Investors can anticipate further details on the financial performance of COOP when the company reports its quarterly results on October 26.
The positive sentiment surrounding COOP stock can be attributed to various factors. Firstly, the median target price of $67.00 indicates that analysts believe the stock has room for growth. This suggests that investors have confidence in the company’s ability to generate value and deliver strong returns.
Moreover, the consensus among investment analysts to buy COOP stock further reinforces the positive outlook. When multiple experts in the field agree on a recommendation, it provides additional validation for potential investors.
The strong financial performance for the current quarter is another contributing factor to the positive sentiment surrounding COOP stock. With earnings per share of $1.31 and sales of $465.4 million, Mr Cooper Group Inc has demonstrated its ability to generate profits and maintain a healthy revenue stream.
Investors should keep an eye on COOP stock as it moves forward. The upcoming quarterly report on October 26 will provide further insights into the company’s financial performance and may influence the stock’s future trajectory.
In conclusion, COOP stock exhibited strong performance on September 19, 2023, with analysts predicting a positive outlook for the company. The median target price of $67.00, along with the consensus among investment analysts to buy the stock, indicates that there is potential for growth. Additionally, the impressive financial figures for the current quarter further support the positive sentiment surrounding COOP stock. Investors should closely monitor the company’s upcoming quarterly report for further insights into its performance.
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