Mr Cooper Group Inc (COOP)

[baldeagle1]

Article: price target decreased to $13.50 from $18

Analyst Actions: Mr. Cooper Group's PT Trimmed to $13.50 at Wedbush, Outperform Rating Reiterated
MT NEWSWIRES 12:14 PM ET 3/26/2019
Symbol Last Price Change
COOP 9.54down -0.07 (-0.73%)
QUOTES AS OF 12:14:42 PM ET 03/26/2019


12:14 PM EDT, 03/26/2019 (MT Newswires) -- Mr. Cooper Group Inc.'s(COOP) price target decreased to $13.50 from $18 at Wedbush, following the company's Q4 earnings report.

Mr. Cooper (COOP) had recorded a net loss of $136 million on revenue of $252 million, compared with the prior quarter's net income of $956 million and revenue of $506 million. Wedbush accordingly slashed its core earnings-per-share estimate to $1.45 from $2 for 2019, to $1.60 from $2.20 for 2020 and to $1.95 from $2.60 for 2021. The brokerage, however, expects this "'lower growth' story" to eventually "bear fruit."

Wedbush reiterated its outperform rating on the stock, which closed Monday at $9.61.

Price: 9.52, Change: -0.09, Percent Change: -0.94

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***Previously alluded to in post #566249 by
Equality23
Tuesday, 03/26/19 11:10:36 AM