Maxim Group Downgrades CYS Investments to Hold (CYS)
CYS Investments (NYSE:CYS) was downgraded by analysts at Maxim Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on CYS. 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. CYS Investments currently has an average rating of “Hold” and an average target price of $9.72.
CYS Investments (NYSE:CYS) opened at 9.39 on Wednesday. CYS Investments has a 52-week low of $7.20 and a 52-week high of $9.44. The stock’s 50-day moving average is $9.13 and its 200-day moving average is $8.85. The company has a market cap of $1.522 billion and a price-to-earnings ratio of 7.55.
CYS Investments (NYSE:CYS) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.21 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.18 earnings per share. CYS Investments’s revenue was down 11.7% compared to the same quarter last year.
CYS Investments, Inc is a specialty finance company created with the objective of achieving consistent risk-adjusted investment income.
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