Compass Point reduces Mr. Cooper Group’s target price to $64.00

Trending News 🌥️

Compass Point has reduced Mr. Cooper ($NASDAQ:COOP) Group’s target price to $64.00. Mr. Cooper Group is a provider of mortgage and loan services. The company has been facing challenges lately, and the reduced target price reflects Compass Point’s decreased expectations for the company’s performance. Mr. Cooper Group’s stock price has already fallen sharply in recent months, and the reduced target price could put further pressure on the stock.

Market Price

On Thursday, shares of Mr. Cooper Group fell after Compass Point Research & Trading LLC reduced its price target on the stock. Despite the stock’s recent decline, media sentiment around Mr. Cooper has been mostly positive. The company has been aggressive in expanding its business and growing its customer base, and analysts believe there is still potential for the stock to perform well in the long run. In the short term, however, the stock may be under pressure as investors digest the news from Compass Point.

VI Analysis

The company’s fundamentals reflect its long term potential, which can be seen with the help of VI app. According to the VI Star Chart, MR. COOPER is classified as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. Such a company would be of interest to investors who are looking for a stable investment with a strong asset base. However, MR. COOPER has a low health score of 0/10 considering its cashflows and debt, which means it is less likely to safely ride out any crisis without the risk of bankruptcy.

VI Peers

The company is engaged in providing mortgage loan servicing and origination services. It offers a range of services, including home retention, default servicing, loan modification, and foreclosure prevention services. The company also provides conventional, government-sponsored, and jumbo loan products. Mr. Cooper Group Inc has operations in the United States, India, and the United Kingdom. The company was formerly known as NationStar Mortgage Holdings Inc and changed its name to Mr. Cooper Group Inc in August 2018. Mr. Cooper Group Inc’s competitors include Australian Finance Group Ltd, Home Point Capital Inc, and India Home Loan Ltd. These companies are also engaged in providing mortgage loan servicing and origination services.

– Australian Finance Group Ltd ($ASX:AFG)

The company’s market capitalization is $498.63 million as of April 2021. The company operates in the financial services industry in Australia and New Zealand and provides a range of services, including mortgage lending, financial planning, and insurance.

– Home Point Capital Inc ($NASDAQ:HMPT)

Home Point Capital Inc is a mortgage lender that offers a variety of home loan products to borrowers across the United States. The company has a market capitalization of $242.17 million as of 2022. Home Point Capital Inc is a publicly traded company on the New York Stock Exchange (NYSE: HMPT).

– India Home Loan Ltd ($BSE:530979)

With a market cap of 460.59M as of 2022, India Home Loan Ltd is a company that provides home loans to customers in India. The company offers a variety of home loan products, including fixed-rate loans, adjustable-rate loans, and home equity loans. India Home Loan Ltd also provides home loan servicing and home loan refinancing services.

Summary

If you’re looking for a stable investment with a history of consistent growth, Mr. Cooper Group is a great option. Mr. Cooper Group has a strong balance sheet and is well-positioned to weather any economic downturn. While the stock may not be a high-flyer, it is a solid investment for those looking for consistent returns.