Chimera Investment Corp. Stock Rating Reaffirmed by Credit Suisse (CIM)
Chimera Investment Corp. (NYSE:CIM)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Credit Suisse in a research note issued to investors on Thursday. They currently have a $3.25 price target on the stock, up from their previous price target of $3.00. Credit Suisse’s price target suggests a potential upside of 1.88% from the stock’s previous close.
Chimera Investment Corp. (NYSE:CIM) traded up 0.16% during mid-day trading on Thursday, hitting $3.195. 1,884,360 shares of the company’s stock traded hands. Chimera Investment Corp. has a 1-year low of $2.88 and a 1-year high of $3.34. The stock has a 50-day moving average of $3.19 and a 200-day moving average of $3.12. The company has a market cap of $3.283 billion and a price-to-earnings ratio of 8.62.
Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities (NYSE:CIM), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes.
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