CYS Investments Receives Hold Rating from Deutsche Bank (CYS)
CYS Investments (NYSE:CYS)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank in a research report issued on Tuesday. They currently have a $9.75 target price on the stock, up from their previous target price of $9.25. Deutsche Bank’s price target indicates a potential upside of 8.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of CYS Investments from $9.00 to $9.50 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich upgraded shares of CYS Investments from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $11.00 price target on the stock, up previously from $9.00. Finally, analysts at Nomura raised their price target on shares of CYS Investments from $9.00 to $9.50 in a research note on Monday, May 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. CYS Investments presently has a consensus rating of “Hold” and a consensus price target of $9.51.
CYS Investments (NYSE:CYS) traded up 1.50% on Tuesday, hitting $9.135. 1,655,485 shares of the company’s stock traded hands. CYS Investments has a 52 week low of $6.74 and a 52 week high of $9.30. The stock’s 50-day moving average is $8.94 and its 200-day moving average is $8.58. The company’s market cap is $1.480 billion.
CYS Investments (NYSE:CYS) last announced its earnings results on Monday, July 21st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.06. The company had revenue of $71.98 million for the quarter, compared to the consensus estimate of $81.37 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis.
CYS Investments, Inc is a specialty finance company created with the objective of achieving consistent risk-adjusted investment income.
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