Hatteras Financial Corp. (HTS) To Outperform

Analysts at Keefe, Bruyette & Woods have given an ‘Outperformer’ rating to Hatteras Financial (NYSE: HTS).

After intense discussions with Hatteras Financial’s CEO Michael Hough and Co-Chief Investment Officer Fred Boos II, analysts have given the firm a price target of $30. Analysts have pegged the EPS targets for Year 2009 and 2010 at $4.77 and $4.8 respectively. The stock is also expected to trade at 6.3X multiple of earnings during Year 2009. For Year 2010, P/E multiple is expected to remain same at $6.3. Long term growth rate for Hatteras Financial has been pegged at 4.0%.