Credit Suisse Believes Mr Cooper Group (COOP) Still Has Room to Grow


In a report issued on September 21, Douglas Harter from Credit Suisse maintained a Buy rating on Mr Cooper Group (COOP). The company’s shares closed last Wednesday at $21.00, close to its 52-week high of $22.50.

According to TipRanks.com, Harter is a 5-star analyst with an average return of 10.4% and a 63.4% success rate. Harter covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Arlington Asset Investment, and ARMOUR Residential REIT.

Currently, the analyst consensus on Mr Cooper Group is a Strong Buy with an average price target of $19.83, representing a -5.6% downside. In a report issued on September 16, Piper Sandler also maintained a Buy rating on the stock with a $26.00 price target.

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The company has a one-year high of $22.50 and a one-year low of $4.31. Currently, Mr Cooper Group has an average volume of 1.24M.

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Mr. Cooper Group, Inc. is engaged in the provision of residential loan services. It operated through the following segments: Servicing, Originations and Xome. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio. The Originations segment provides refinance opportunities to the existing servicing customers through direct-to-consumer platform and purchases loans from originators through correspondent channel. The Xome segment offers technology and data-enhanced solutions to banks, non-banks, investment companies, and GSEs engaged in the origination, investment, servicing of mortgage loans, as well as to home buyers, home sellers, real estate professionals mortgage professionals, and real estate investors. The company was founded on August 17, 1994 and is headquartered in Coppell, TX.

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