Credit Suisse analyst Douglas Harter maintained a Buy rating on Mr Cooper Group (COOP) on September 14. The company’s shares closed last Thursday at $21.48, close to its 52-week high of $22.19.
According to TipRanks.com, Harter is a 5-star analyst with an average return of 12.4% and a 66.1% success rate. Harter covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Arlington Asset Investment, and ARMOUR Residential REIT.
Mr Cooper Group has an analyst consensus of Strong Buy, with a price target consensus of $19.83, implying a -7.1% downside from current levels. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $26.00 price target.
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Mr Cooper Group’s market cap is currently $2.01B and has a P/E ratio of 4.40. The company has a Price to Book ratio of -2.51.
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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.
