Mr. Cooper Group Inc. [NASDAQ: COOP] gained 8.22% on the last trading session, reaching $19.87 price per share at the time. The company report on September 4, 2020 that Etsy, Teradyne and Catalent Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600.
S&P Dow Jones Indices will make the following index adjustments to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its market capitalization range. The changes will be effective prior to the open of trading on Monday, September 21, 2020 to coincide with the September quarterly rebalance:.
S&P MidCap 400 constituents Etsy Inc. (NASD:ETSY), Teradyne Inc. (NASD:TER), and Catalent Inc. (NYSE:CTLT) will move to the S&P 500, replacing H&R Block Inc. (NYSE:HRB) Coty Inc. (NYSE:COTY) and Kohl’s Corp. (NYSE:KSS), all of which will move to the S&P MidCap 400.
Mr. Cooper Group Inc. represents 92.00 million in outstanding shares, while the company has a total market value of $1.86 billion with the latest information. COOP stock price has been found in the range of $19.07 to $20.56.
If compared to the average trading volume of 951.42K shares, COOP reached a trading volume of 4173177 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $23.00 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.
Barclays have made an estimate for Mr. Cooper Group Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 31, 2020. The new note on the price target was released on May 15, 2020, representing the official price target for Mr. Cooper Group Inc. stock. Previously, the target price had yet another raise to $12, while Piper Sandler analysts kept a Underweight rating on COOP stock. On April 07, 2020, analysts decreased their price target for COOP shares from 15 to 10.
The Average True Range (ATR) for Mr. Cooper Group Inc. is set at 1.10, with the Price to Sales ratio for COOP stock in the period of the last 12 months amounting to 0.82. The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 11.11. Price to Free Cash Flow for COOP in the course of the last twelve months was 0.67.
Trading performance analysis for COOP stock
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 8.43. With this latest performance, COOP shares gained by 10.54% in over the last four-week period, additionally plugging by 94.80% over the last 6 months – not to mention a rise of 115.98% 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 66.26, with the RSI for the last a single of trading hit 65.98, and the three-weeks RSI is set at 65.41 for Mr. Cooper Group Inc. [COOP]. The present Moving Average for the last 50 days of trading for this stock 15.75, while it was recorded at 19.15 for the last single week of trading, and 12.31 for the last 200 days.
Mr. Cooper Group Inc. [COOP]: A deeper dive into fundamental analysis
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.
Mr. Cooper Group Inc. [COOP]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Mr. Cooper Group Inc. [COOP]
There are presently around $1,537 million, or 84.90% 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 14,773,425, which is approximately 0.001% of the company’s market cap and around 1.30% of the total institutional ownership; DIAMOND HILL CAPITAL MANAGEMENT INC, holding 5,463,144 shares of the stock with an approximate value of $108.55 million in COOP stocks shares; and BLACKROCK INC., currently with $104.87 million in COOP stock with ownership of nearly -3.924% 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 107 institutional holders increased their position in Mr. Cooper Group Inc. [NASDAQ:COOP] by around 6,828,295 shares. Additionally, 61 investors decreased positions by around 5,977,061 shares, while 41 investors held positions by with 64,551,324 shares. The mentioned changes placed institutional holdings at 77,356,680 shares, according to the latest SEC report filing. COOP stock had 52 new institutional investments in for a total of 2,990,376 shares, while 22 institutional investors sold positions of 1,786,934 shares during the same period.