Sunday, August 9, 2020

Mr. Cooper Group Inc. [COOP] is 27.74% higher this YTD. Is it still time to buy?

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Mr. Cooper Group Inc. [NASDAQ: COOP] stock went on an upward path that rose over 10.59% on Thursday, amounting to a one-week price increase of more than 19.88%. The company report on July 30, 2020 that Mr. Cooper Group Reports Second Quarter 2020 Financial Results.

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Mr. Cooper Group Inc. (NASDAQ: COOP) (the “Company”), which principally operates under the Mr. Cooper® and Xome® brands, reported a second quarter net income of $73 million or $0.77 per diluted share. Net income included a negative $261 million in mark-to-market. Excluding the mark-to-market and other items, the Company reported pretax operating income of $350 million. Items excluded from operating income were negative $261 million in mark-to-market, net of the add back of $29 million in fair value amortization that is included in the full mark-to-market, $1 million in severance charges related to the shutdown of the Wholesale division, and $7 million of intangible amortization.

Over the last 12 months, COOP stock rose by 109.99%. The one-year Mr. Cooper Group Inc. stock forecast points to a potential downside of -4.24. The average equity rating for COOP stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.48 billion, with 91.39 million shares outstanding and 75.56 million shares in the current float. Compared to the average trading volume of 837.47K shares, COOP stock reached a trading volume of 2237876 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Mr. Cooper Group Inc. [COOP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COOP shares is $15.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COOP stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wedbush have made an estimate for Mr. Cooper Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 15, 2020. The new note on the price target was released on April 09, 2020, representing the official price target for Mr. Cooper Group Inc. stock. Previously, the target price had yet another drop from $15 to $10, while Wedbush kept a Neutral rating on COOP stock. On March 18, 2020, analysts increased their price target for COOP shares from 10 to 12.

The Average True Range (ATR) for Mr. Cooper Group Inc. is set at 0.69, with the Price to Sales ratio for COOP stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 0.71, with the Price to Cash per share for the same quarter was set at 6.24. Price to Free Cash Flow for COOP in the course of the last twelve months was 1.38.

COOP Stock Performance Analysis:

Mr. Cooper Group Inc. [COOP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.88. With this latest performance, COOP shares gained by 28.46% in over the last four-week period, additionally plugging by 24.45% over the last 6 months – not to mention a rise of 109.99% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COOP stock in for the last two-week period is set at 78.45, with the RSI for the last a single of trading hit 86.07, and the three-weeks RSI is set at 72.60 for Mr. Cooper Group Inc. [COOP]. The present Moving Average for the last 50 days of trading for this stock 12.40, while it was recorded at 14.23 for the last single week of trading, and 11.50 for the last 200 days.

Insight into Mr. Cooper Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Mr. Cooper Group Inc. [COOP] shares currently have an operating margin of -29.54. Mr. Cooper Group Inc.’s Net Margin is presently recorded at +14.48.

Return on Total Capital for COOP is now -3.55, given the latest momentum, and Return on Invested Capital for the company is 2.28. Return on Equity for this stock inclined to 13.03, with Return on Assets sitting at 1.54. When it comes to the capital structure of this company, Mr. Cooper Group Inc. [COOP] has a Total Debt to Total Equity ratio set at 597.94. Additionally, COOP Total Debt to Total Capital is recorded at 85.67, with Total Debt to Total Assets ending up at 72.91. Long-Term Debt to Equity for the company is recorded at 375.00, with the Long-Term Debt to Total Capital now at 53.73.

Reflecting on the efficiency of the workforce at the company, Mr. Cooper Group Inc. [COOP] managed to generate an average of $29,890 per employee. Receivables Turnover for the company is 0.23 with a Total Asset Turnover recorded at a value of 0.11.

COOP Stock EPS

With the latest financial reports released by the company, Mr. Cooper Group Inc. posted 1.41/share EPS, while the average EPS was predicted by analysts to be reported at 0.8/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 76.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COOP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mr. Cooper Group Inc. go to 20.76%.

Mr. Cooper Group Inc. [COOP] Insider Position Details

There are presently around $1,225 million, or 84.20% of COOP stock, in the hands of institutional investors. The top three institutional holders of COOP stocks are: KOHLBERG KRAVIS ROBERTS & CO. L.P. with ownership of 14,773,245, which is approximately 0% of the company’s market cap and around 3.80% of the total institutional ownership; DIAMOND HILL CAPITAL MANAGEMENT INC, holding 6,595,902 shares of the stock with an approximate value of $105.4 million in COOP stocks shares; and BLACKROCK INC., currently with $87.79 million in COOP stock with ownership of nearly -0.065% of the company’s market capitalization.

Positions in Mr. Cooper Group Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 70 institutional holders increased their position in Mr. Cooper Group Inc. [NASDAQ:COOP] by around 5,773,736 shares. Additionally, 81 investors decreased positions by around 4,604,238 shares, while 37 investors held positions by with 66,255,576 shares. The mentioned changes placed institutional holdings at 76,633,550 shares, according to the latest SEC report filing. COOP stock had 30 new institutional investments in for a total of 984,320 shares, while 27 institutional investors sold positions of 799,350 shares during the same period.

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