CYS Investments (CYS) : Zacks Investment Research ranks CYS Investments (CYS) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.5, which indicates as a Buy.
CYS Investments (CYS) : 6 Wall Street analysts covering CYS Investments (CYS) believe that the average level the stock could reach for the short term is $7.96. The maximum price target given is $9 and the minimum target for short term is around $7, hence the standard deviation is calculated at $0.84.
CYS Investments (NYSE:CYS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.40 and $8.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.47, notching a gain of 0.36% for the day. The total traded volume was 2,341,202 . The stock had closed at $8.44 on the previous day.
Also, JMP Securities downgrades its rating on CYS Investments (NYSE:CYS). Analysts at the JMP Securities have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on April 22, 2016. The company shares have rallied 3.69% from its 1 Year high price. On Jun 3, 2016, the shares registered one year high at $8.67 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.26 and the 200 Day Moving Average price is recorded at $7.78.
CYS Investments, Inc. is a specialty finance company. The Company invests in agency residential mortgage-backed security (Agency RMBS) collateralized by fixed rate single-family residential mortgage loans (primarily 10, 15, 20 or 30 years), and 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 (three, five, seven or 10 years). It invests principally in Agency RMBS, which are residential mortgage pass-through securities, the principal and interest of which are guaranteed by Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) or Government National Mortgage Association (Ginnie Mae). In addition to Agency RMBS, the Company invests in the United States Treasuries.