CYS Investments (NYSE:CYS) was upgraded by investment analysts at Compass Point from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday, MarketBeat reports.
Separately, ValuEngine lowered shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. CYS Investments has a consensus rating of “Hold” and a consensus price target of $8.25.
CYS Investments (NYSE CYS) traded up $0.10 during trading hours on Tuesday, reaching $6.49. 3,872,133 shares of the company traded hands, compared to its average volume of 1,885,359. CYS Investments has a 1-year low of $6.26 and a 1-year high of $8.98. The company has a market capitalization of $1,010.00, a price-to-earnings ratio of -32.45 and a beta of 0.37.
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CYS Investments Company Profile
CYS Investments, Inc is a specialty finance company. The Company’s objective is to provide consistent returns to its investors through a combination of dividends and capital appreciation. It invests in agency residential mortgage-backed security (RMBS) collateralized by fixed rate single-family residential mortgage loans; adjustable-rate mortgages (ARMs), which have coupon rates that reset monthly, or hybrid ARMs, which have a coupon rate that is fixed for an initial period.
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