Nomura Securities Maintains a 'Buy' on Cypress Sharpridge (CYS); Comments From Investor Day
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Price: $11.65 -1.27%
Rating Summary:
9 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Rating Summary:
9 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Trade CYS Now!
Nomura Securities maintains a 'Buy' on Cypress Sharpridge (NYSE: CYS) price target of $13.75.
Analyst, Bill Carcache, said, "CYS held its 2012 investor day on Thursday, April 26. Overall, we walked away from the presentation feeling like CYS is a lean, 14-person operation run by a financially astute management team that remains well positioned to continue to generate mid-teens ROEs in the current environment. We are also leaving our estimates unchanged at this time. 2012E/2013E EPS at $2.03/$2.12 vs. Street at $1.97/$2.04."
For an analyst ratings summary and ratings history on Cypress Sharpridge click here. For more ratings news on Cypress Sharpridge click here.
Shares of Cypress Sharpridge closed at $13.63 yesterday, with a 52 week range of $10.52-$13.95.
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Analyst, Bill Carcache, said, "CYS held its 2012 investor day on Thursday, April 26. Overall, we walked away from the presentation feeling like CYS is a lean, 14-person operation run by a financially astute management team that remains well positioned to continue to generate mid-teens ROEs in the current environment. We are also leaving our estimates unchanged at this time. 2012E/2013E EPS at $2.03/$2.12 vs. Street at $1.97/$2.04."
For an analyst ratings summary and ratings history on Cypress Sharpridge click here. For more ratings news on Cypress Sharpridge click here.
Shares of Cypress Sharpridge closed at $13.63 yesterday, with a 52 week range of $10.52-$13.95.
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