CYS Investments (CYS) : 9 analysts are covering CYS Investments (CYS) and their average rating on the stock is 2.56, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. CYS Investments (CYS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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 $8.54. The maximum price target given is $10 and the minimum target for short term is around $8, hence the standard deviation is calculated at $0.78.
Also, Nomura maintains its rating on CYS Investments (NYSE:CYS). The global brokerage major raises the current price target from $8.5 per share to $9 per share. Analysts at the Nomura have a current rating of Neutral on the shares. The rating by the firm was issued on July 29, 2016.
CYS Investments (NYSE:CYS): After opening at $8.8, the stock dipped to an intraday low of $8.78 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.99 and the buying power remained strong till the end. The stock closed at $8.93 for the day, a gain of 1.36% for the day session. The total traded volume was 2,383,620. The stocks close on the previous trading day was $8.81.
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.