Mr. Cooper Group Inc (COOP) stock forecast: Can it reach its 52-week high of $97.35

At the time of writing, Mr. Cooper Group Inc [COOP] stock is trading at $98.61, up 2.22%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The COOP shares have gain 11.36% over the last week, with a monthly amount glided 4.90%, and seem to be holding up well over a long-time horizon.

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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.

For the past year, the stock price of Mr. Cooper Group Inc fluctuated between $54.07 and $97.35. Currently, Wall Street analysts expect the stock to reach $100.2 within the next 12 months. Mr. Cooper Group Inc [NASDAQ: COOP] shares were valued at $98.61 at the most recent close of the market. An investor can expect a potential return of 1.61% based on the average COOP price forecast.

Analyzing the COOP fundamentals

According to Mr. Cooper Group Inc [NASDAQ:COOP], the company’s sales were 1.83B for trailing twelve months, which represents an -38.34% plunge. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.0.

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 95.98 points at the first support level, and at 93.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.00, and for the 2nd resistance point, it is at 101.38.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 3.45, the price to book ratio is 1.36 and price to earnings (TTM) ratio is 12.73.

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.

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