Two Harbors Investment Corp. Given Average Rating of “Buy” by Analysts (NYSE:TWO)
Two Harbors Investment Corp. (NYSE:TWO) has been given a consensus recommendation of “Buy” by the fourteen brokerages that are presently covering the stock, American Banking News reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $10.98.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Two Harbors Investment Corp. from $11.00 to $11.50 in a research note on Tuesday. Separately, analysts at Wunderlich upgraded shares of Two Harbors Investment Corp. to an “outperform” rating in a research note on Tuesday. They now have a $11.00 price target on the stock, down previously from $11.50. Finally, analysts at FBR Capital Markets raised their price target on shares of Two Harbors Investment Corp. from $10.75 to $11.00 in a research note on Monday, March 10th.
Two Harbors Investment Corp. (NYSE:TWO) traded down 0.47% on Wednesday, hitting $10.50. 1,103,564 shares of the company’s stock traded hands. Two Harbors Investment Corp. has a 52-week low of $8.94 and a 52-week high of $11.37. The stock has a 50-day moving average of $10.30 and a 200-day moving average of $9.92. The company has a market cap of $3.844 billion and a price-to-earnings ratio of 9.53.
Two Harbors Investment Corp. (NYSE:TWO) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.01. The company had revenue of $112.50 million for the quarter. During the same quarter last year, the company posted $0.29 earnings per share. Two Harbors Investment Corp.’s revenue was up 1.4% compared to the same quarter last year.
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.