Gold prices steady ahead of Fed decision; weekly weakness noted
In a remarkable display of market confidence, COOP stock has soared to an all-time high, with shares trading at a staggering $125.18. According to InvestingPro data, the stock trades at an attractive P/E ratio of 10.08, though current prices exceed the platform’s calculated Fair Value. This milestone underscores the company’s robust performance and investor optimism in its growth prospects. Over the past year, COOP has witnessed a significant surge in its market valuation, with a 34.05% total return and impressive revenue growth of 24.02%. Analyst targets range from $110 to $146, reflecting continued optimism. This uptrend in COOP’s stock price not only highlights the company’s strong financial health but also signals a positive outlook among shareholders for the company’s future endeavors. Discover more exclusive insights and 7 additional ProTips with an InvestingPro subscription.
In other recent news, Rocket Companies has announced a major acquisition, agreeing to purchase Mr. Cooper Group in an all-stock transaction valued at $9.4 billion. This strategic move is expected to enhance Rocket’s mortgage servicing capabilities, creating a combined servicing portfolio of over $2.1 trillion. The acquisition, anticipated to close in the fourth quarter of 2025, has been unanimously approved by both companies’ boards. Following this announcement, Fitch Ratings placed Rocket Mortgage’s ratings under negative watch, while Mr. Cooper’s ratings were put under positive watch, indicating potential upgrades for Mr. Cooper post-acquisition. Additionally, Mr. Cooper Group reported impressive fourth-quarter earnings for 2024, with earnings per share (EPS) of $3.13, surpassing Wall Street’s expectations of $2.70, and revenue reaching $672 million, exceeding the forecasted $596.52 million. Keefe, Bruyette & Woods analysts raised Mr. Cooper Group’s stock target to $115, maintaining a Market Perform rating, citing anticipated returns on equity between 16-20% for the coming years. These developments highlight significant financial and strategic shifts for both companies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.