Credit Suisse Keeps Their Buy Rating on Two Harbors (TWO)

By Austin Angelo

In a report issued on December 5, Douglas Harter from Credit Suisse maintained a Buy rating on Two Harbors (TWOResearch Report), with a price target of $14.50. The company’s shares closed last Monday at $14.68, close to its 52-week high of $14.75.

According to, Harter is a 4-star analyst with an average return of 6.8% and a 65.1% success rate. Harter covers the Financial sector, focusing on stocks such as ARMOUR Residential REIT, Front Yard Residential, and Blackstone Mortgage.

Currently, the analyst consensus on Two Harbors is a Strong Buy with an average price target of $15.44, a 5.1% upside from current levels. In a report issued on December 2, Compass Point also initiated coverage with a Buy rating on the stock with a $15.20 price target.

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Based on Two Harbors’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $306 million. In comparison, last year the company had a net profit of $35.95 million.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TWO in relation to earlier this year.

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Two Harbors Investment Corp. is a real estate investment trust, which focuses on investing in, financing and managing agency residential mortgage-backed securities, non-Agency securities, mortgage servicing rights and other financial assets.