Chimera Investment Corporation (CIM) : The consensus on Chimera Investment Corporation (CIM) based on 4 analyst recommendation on the company stock is 3.5, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Chimera Investment Corporation (CIM) : The consensus price target for Chimera Investment Corporation (CIM) is $14.25 for the short term with a standard deviation of $0.35. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $15, however, the pessimist price target for the company is $14.
Chimera Investment Corporation (NYSE:CIM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.65 and $15.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.86, notching a gain of 1.28% for the day. The total traded volume was 2,162,563 . The stock had closed at $15.66 on the previous day.
Also, Equity analysts at the Brokerage firm Wells Fargo downgrades its rating on Chimera Investment Corporation (NYSE:CIM). The rating major has initiated the coverage with underperform rating on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 4, 2016. The company shares have rallied 9.97% from its 1 Year high price. On Jun 27, 2016, the shares registered one year high at $15.83 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $15.34 and the 200 Day Moving Average price is recorded at $13.91.
Chimera Investment Corporation is a specialty finance company. The Company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes. The Company is externally managed by Fixed Income Discount Advisory Company.