Billionaire Lee Cooperman Says The Market Is Expensive But Mr. Cooper Group Inc. (COOP) Is Cheap [Yahoo! Finance]

Mr. Cooper Group Inc. (COOP)
Last mr. cooper group inc. earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Cooper Group Inc. (NASDAQ:COOP) stands against the other cheap stocks. Leon Cooperman recently shared his conservative outlook on the economy and discussed stocks that he is monitoring during a CNBC interview. He believes the U.S. is heading toward a fiscal disaster due to a lack of attention on rising debt. He also noted that nothing seems overvalued if a 10-year bond is valued at the current rate. “My assumption is that we are headed into a fiscal disaster in our country. There's nobody focusing on debt creation in the economy. My second assumption is that nothing is overvalued if a 10-year bond belongs at the current rate of 3.9%.” Cooperman compared this to the 1972 Nifty Fifty period when government bonds were at 6.5%, and several companies which had high earnings multiples, eventually went bankrupt. He pointed out that these companies, despite their high valuations, were acquired by JP Morgan. “In the Nifty Fifty period of 1972, the government bond went 6.5%, Avon produc
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News
- Mr. Cooper Group Inc. (NASDAQ: COOP) had its price target raised by analysts at UBS Group AG from $122.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Mr. Cooper Group Inc. (NASDAQ: COOP) had its price target raised by analysts at Keefe, Bruyette & Woods from $105.00 to $115.00. They now have a "market perform" rating on the stock.MarketBeat
- Mr. Cooper Group Inc. (NASDAQ: COOP) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $115.00 price target on the stock.MarketBeat
- Mr. Cooper Group Inc. (NASDAQ: COOP) had its price target raised by analysts at Barclays PLC from $111.00 to $130.00. They now have an "overweight" rating on the stock.MarketBeat
- Mr. Cooper Group Reports Fourth Quarter 2024 ResultsBusiness Wire