Two Harbors Investment Corp PT Raised to $12.00 (TWO)
Investment analysts at Maxim Group hoisted their target price on shares of Two Harbors Investment Corp (NYSE:TWO) from $11.50 to $12.00 in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective points to a potential upside of 15.72% from the stock’s previous close.
Shares of Two Harbors Investment Corp (NYSE:TWO) opened at 10.37 on Monday. Two Harbors Investment Corp has a one year low of $8.94 and a one year high of $10.79. The stock has a 50-day moving average of $10.40 and a 200-day moving average of $10.30. The company has a market cap of $3.797 billion and a price-to-earnings ratio of 66.47.
Two Harbors Investment Corp (NYSE:TWO) last announced its earnings results on Wednesday, August 6th. 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 $115.20 million for the quarter, compared to the consensus estimate of $116.22 million. During the same quarter last year, the company posted $0.21 earnings per share. Two Harbors Investment Corp’s revenue was down 4.5% compared to the same quarter last year.
A number of other analysts have also recently weighed in on TWO. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Two Harbors Investment Corp in a research note on Thursday. They now have a $12.30 price target on the stock, up previously from $11.80. Separately, 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, May 27th. Finally, analysts at Wunderlich upgraded shares of Two Harbors Investment Corp to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $11.00 price target on the stock, down previously from $11.50. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $10.93.
Two Harbors Investment Corp. (NYSE:TWO) operates as a real estate investment trust (REIT).
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