trending Market Intelligence /marketintelligence/en/news-insights/trending/tDJa_vIod0homcClu5Hggg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Ladenburg Thalmann downgrades CYS Investments on valuation

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Ladenburg Thalmann downgrades CYS Investments on valuation

Ladenburg Thalmann analyst David Walrod in an April 13 note downgradedCYS Investments Inc. to"neutral" from "buy," citing the recent performance of its sharescompared with peers.

The analyst noted that the company's stock has outperformed itsagency-only peers year-to-date, with shares closing April 12 at $8.34, a premiumof 4.3% to his most recent price target. CYS Investments shares have generated a20.8% total return, as peers have seen an average of 11.5%. Additionally, Walrodsaid the stock trades at a premium compared with peers on a valuation basis.

Walrod believes that the recent share performance results fromthe company's aggressive share repurchases, noting that CYS Investments bought backa total of 10.6 million shares in 2015, including 3.1 million shares in the fourthquarter. Although management plans to continue aggressive share repurchases, theanalyst said, the increase in valuation may slow the pace of buybacks.

Walrod removed his price target of $8.00. His core EPS estimatesremain at $1.05 for 2016 and $1.00 for 2017.