CYS Investments Sets New 1-Year High at $9.40 (CYS)
CYS Investments (NYSE:CYS)’s share price reached a new 52-week high during mid-day trading on Friday , Analyst Ratings News reports. The stock traded as high as $9.40 and last traded at $9.37, with a volume of 860,685 shares changing hands. The stock had previously closed at $9.34.
A number of analysts have recently weighed in on CYS shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of CYS Investments from $9.75 to $10.30 in a research note on Wednesday, July 23rd. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of CYS Investments in a research note on Tuesday, July 22nd. They now have a $9.75 price target on the stock, up previously from $9.25. Finally, 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, July 22nd. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $9.72.
The stock has a 50-day moving average of $9.11 and a 200-day moving average of $8.84. The company has a market cap of $1.528 billion and a P/E ratio of 7.48.
CYS Investments (NYSE:CYS) last issued its quarterly earnings data 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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