Chimera Investment Corp.’s “Hold” Rating Reaffirmed at Deutsche Bank (CIM)
Chimera Investment Corp. (NYSE:CIM)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Thursday. They currently have a $3.10 price target on the stock, up from their previous price target of $3.00. Deutsche Bank’s target price suggests a potential downside of 3.73% from the stock’s previous close.
Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Chimera Investment Corp. in a research note on Thursday, July 24th. They now have a $3.25 price target on the stock, up previously from $3.00.
Chimera Investment Corp. (NYSE:CIM) traded up 0.31% during mid-day trading on Thursday, hitting $3.23. 6,828,566 shares of the company’s stock traded hands. Chimera Investment Corp. has a one year low of $2.89 and a one year high of $3.34. The stock has a 50-day moving average of $3.18 and a 200-day moving average of $3.14. The company has a market cap of $3.319 billion and a price-to-earnings ratio of 9.76.
Chimera Investment Corp. (NYSE:CIM) last announced its earnings results on Monday, August 11th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.01. On average, analysts predict that Chimera Investment Corp. will post $0.38 earnings per share for the current fiscal year.
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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