Zacks: WMIH Corp (COOP) Given Consensus Rating of “Hold” by Analysts

Shares of WMIH Corp (NASDAQ:COOP) have been given a consensus broker rating score of 2.75 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation, one has assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. WMIH’s rating score has improved by 15.4% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 12-month consensus price objective of $19.48 for the company and are expecting that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also given WMIH an industry rank of 72 out of 257 based on the ratings given to its competitors.

Several equities analysts recently issued reports on the company. Barclays upgraded WMIH from an “underweight” rating to a “hold” rating and set a $18.00 price target on the stock in a report on Friday. Piper Jaffray Companies upgraded WMIH from an “underweight” rating to a “neutral” rating in a report on Tuesday, October 30th. Zacks Investment Research cut WMIH from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Finally, Wedbush reiterated a “buy” rating and issued a $23.00 price target on shares of WMIH in a report on Wednesday, October 17th.

An institutional investor recently bought a new position in WMIH stock. Thompson Siegel & Walmsley LLC bought a new stake in WMIH Corp (NASDAQ:COOP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,859,225 shares of the company’s stock, valued at approximately $9,534,000. Thompson Siegel & Walmsley LLC owned 38.00% of WMIH at the end of the most recent quarter.

WMIH stock traded up $0.05 during mid-day trading on Thursday, hitting $14.62. The stock had a trading volume of 80,749 shares, compared to its average volume of 743,409. The stock has a market cap of $272.71 million, a price-to-earnings ratio of 124.83 and a beta of -0.63. WMIH has a 12 month low of $7.20 and a 12 month high of $20.04.

WMIH (NASDAQ:COOP) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. WMIH had a return on equity of 18.07% and a net margin of 229.44%. Research analysts predict that WMIH will post 2.06 earnings per share for the current fiscal year.

WMIH Company Profile

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. It offers home loan servicers focused on delivering various servicing and lending products, services, and technologies. The company provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents, and mortgage companies.

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