Mr Cooper Group Surpasses Analyst Target Price—Next Moves Examined
Shares of Mr Cooper Group Inc (Symbol: COOP) recently traded above the average analyst 12-month target price of $122.12, reaching $125.08 per share. When a stock meets an analyst’s target, they usually have two options: downgrade the stock on valuation grounds or raise their target price. Analyst reactions may also hinge on the company’s recent fundamental developments, which could justify an increase in target prices as investor confidence grows.
Within the Zacks coverage universe, there are eight analysts contributing to the average price target for Mr Cooper Group Inc. While the average is a useful benchmark, individual target prices vary widely. One analyst sets their target at $110.00, while another sees potential up to $137.00. The standard deviation among these targets is $11.038, indicating a range of opinions among analysts.
Investors often consider the average target as a “wisdom of crowds” approach, aggregating various expert opinions rather than relying solely on an individual analyst’s view. As COOP climbs above the average target price of $122.12 per share, this presents an opportunity for investors to reassess the stock’s potential. They may ponder whether this is only a stopping point towards a higher target or if the valuation has become overstretched, prompting a reevaluation of their positions. Below is a table detailing the latest analyst ratings for Mr Cooper Group Inc:
| Recent COOP Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 6 | 6 | 7 | 6 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.67 | 1.67 | 1.6 | 1.67 |
The average rating in the last row operates on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Strong Sell. This article utilized data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on COOP, click here.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
