Mr. Cooper Group Inc (COOP) stock forecast: Can it reach its 52-week high of $96.00

A share price of Mr. Cooper Group Inc [COOP] is currently trading at $96.14, up 1.00%. An important factor to consider is whether the stock is rising or falling in short-term value. The COOP shares have gain 5.23% over the last week, with a monthly amount glided 1.70%, and seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

From an analyst’s perspective:

Mr. Cooper Group Inc [NASDAQ: COOP] stock has seen the most recent analyst activity on July 22, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform but kept the price target unchanged to $95 for it. Previously, Deutsche Bank started tracking the stock with Buy rating on January 10, 2024, and set its price target to $88. On December 06, 2023, UBS initiated with a Buy rating and assigned a price target of $80 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $74 on November 15, 2023. Keefe Bruyette upgraded its rating to a Outperform and raised its price target to $65 on October 02, 2023. In a note dated April 21, 2021, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $44 to $38.

Mr. Cooper Group Inc experienced fluctuations in its stock price throughout the past year between $52.50 and $96.00. Currently, Wall Street analysts expect the stock to reach $97.75 within the next 12 months. Mr. Cooper Group Inc [NASDAQ: COOP] shares were valued at $96.14 at the most recent close of the market. An investor can expect a potential return of 1.67% based on the average COOP price forecast.

Analyzing the COOP fundamentals

Trailing Twelve Months sales for Mr. Cooper Group Inc [NASDAQ:COOP] were 2.07B which represents 12.16% growth. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.16 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.15.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 95.30 points at the first support level, and at 94.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 96.90, and for the 2nd resistance point, it is at 97.67.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 3.00, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 9.08.

Transactions by insiders

Recent insider trading involved Bray Jesse K, Chief Executive Officer, that happened on Oct 01 ’24 when 30000.0 shares were sold. Director, Jesse K. Bray completed a deal on Oct 01 ’24 to buy 90000.0 shares. Meanwhile, Chief Executive Officer Bray Jesse K sold 25000.0 shares on Aug 29 ’24.

Related Posts