Two Harbors Investments Corp (NYSE:TWO) shares traded -3.18% down during most recent session to reach at the closing price of $14.32. The stock exchanged hands 3.89 Million shares versus average trading capacity of 1.99 Million shares, yielding a market cap of $3.55 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $15.72 within the next 52-weeks. The mean target projections are based on 9 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Two Harbors Investments Corp (NYSE:TWO) high price target of $17 and with a conservative view have low price target of $14.
Raymond James “Initiates Coverage On” Two Harbors Investments Corp (NYSE:TWO) in a research note issued to investors on 10/12/18 to Outperform with price target of $16.5.
Additionally on 7/24/18 Deutsche Bank “Downgrades” Two Harbors Investments Corp (NYSE:TWO) to Hold setting price target at $0 and on 7/23/18 JP Morgan “Maintained” the stock to Overweight at $16.5. Furthermore on 4/27/18 Maxim Group “Maintained” the stock to Buy at $16.
On the other hand the company has Relative Strength Index (RSI 14) of 35.1 along with Average True Range (ATR 14) of 0.23, Consequently Two Harbors Investments Corp (NYSE:TWO)’s weekly and monthly volatility is 1.60%, 1.54% respectively. The company’s beta value is at 0.36.
In terms of Buy, Sell or Hold recommendations, Two Harbors Investments Corp (NYSE:TWO) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Two Harbors Investments Corp (NYSE:TWO)’s minimum EPS for the current quarter is at $0.47 and can go high up to $0.49. The consensus mean EPS for the current quarter is at $0.48 derived from a total of 9 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.47 earnings per share for the same quarter during last year.
Previously Two Harbors Investments Corp (NYSE:TWO) reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The company posted an earnings surprise of 2.1%.
Two Harbors Investments Corp (NYSE:TWO)’s revenue estimates for the current quarter are $90.6 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $101.32 Million in contradiction of low revenue estimates of $80.5 Million. For the current year the company’s revenue estimates are $350.96 Million compared to low analyst estimates of $322.7 Million and high estimates of $379.04 Million according to 4 number of analysts.
Currently Two Harbors Investments Corp (NYSE:TWO)’s shares owned by insiders are 1%, whereas shares owned by institutional owners are 49.3%. However the six-month change in the insider ownership was recorded -1.09%, as well as three-month change in the institutional ownership was recorded 3.78%.
Two Harbors Investments Corp (NYSE:TWO)’s trailing twelve month revenues are $660.1 Million, whereas its price to sales ratio for the same period is 5.38. Its book value per share for the most recent quarter is $15.83 while its price to book ratio for the same period is 0.9, as for as the company’s cash per share for the most recent quarter is $1.68, however its price to cash per share ratio for the same period is 8.51. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 4.3.