Chimera Investment (CIM) Reaches $18.64 After 8.00% Up Move; Cineplex (TSE:CGX) Had 5 Bullish Analysts

July 14, 2017 - By Peter Erickson

The stock of Chimera Investment Corporation (NYSE:CIM) is a huge mover today! About 145,765 shares traded. Chimera Investment Corporation (NYSE:CIM) has risen 21.23% since July 14, 2016 and is uptrending. It has outperformed by 4.53% the S&P500.The move comes after 6 months positive chart setup for the $3.44 billion company. It was reported on Jul, 14 by Barchart.com. We have $20.13 PT which if reached, will make NYSE:CIM worth $275.20 million more.

Among 6 analysts covering Cineplex Inc (TSE:CGX), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Cineplex Inc has $60 highest and $2 lowest target. $56.29’s average target is 9.94% above currents $51.2 stock price. Cineplex Inc had 35 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Sector Perform” rating on Thursday, November 3 by Scotia Capital. As per Friday, August 14, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $51 target in Friday, January 8 report. The rating was maintained by Scotia Capital with “Outperform” on Friday, January 6. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, November 9. On Friday, July 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by Raymond James with “Outperform” on Monday, January 30. The company was maintained on Wednesday, November 9 by Scotia Capital. As per Friday, August 14, the company rating was maintained by TD Securities. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, August 26. See Cineplex Inc (TSE:CGX) latest ratings:

27/06/2017 Broker: Raymond James Rating: Outperform New Target: $58.00 Maintain
19/06/2017 Broker: BMO Capital Markets Rating: Outperform New Target: $58.00 Maintain
01/05/2017 Broker: TD Securities Rating: Buy New Target: $60.00 Maintain
19/04/2017 Broker: Raymond James Rating: Outperform New Target: $58.00 Maintain
17/02/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $54.00 New Target: $53.00 Target Down
30/01/2017 Broker: Raymond James Rating: Outperform New Target: $58.00 Maintain
23/01/2017 Broker: Raymond James Rating: Outperform New Target: $58.00 Maintain
23/01/2017 Broker: TD Securities Rating: Old Target: $58.00 New Target: $60.00 Target Up

Analysts await Chimera Investment Corporation (NYSE:CIM) to report earnings on August, 2. They expect $0.62 earnings per share, up 21.57% or $0.11 from last year’s $0.51 per share. CIM’s profit will be $114.42 million for 7.52 P/E if the $0.62 EPS becomes a reality. After $0.51 actual earnings per share reported by Chimera Investment Corporation for the previous quarter, Wall Street now forecasts 21.57% EPS growth.

Among 7 analysts covering Chimera Investment (NYSE:CIM), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Chimera Investment has $27 highest and $14 lowest target. $17.33’s average target is -7.03% below currents $18.64 stock price. Chimera Investment had 15 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Wood with “Hold” on Friday, August 14. The stock of Chimera Investment Corporation (NYSE:CIM) has “Market Perform” rating given on Friday, January 15 by Wells Fargo. The firm has “Hold” rating given on Tuesday, August 9 by Deutsche Bank. The firm has “Market Perform” rating by Wood given on Tuesday, August 9. The firm earned “Market Perform” rating on Thursday, February 16 by Wells Fargo. Nomura maintained Chimera Investment Corporation (NYSE:CIM) on Wednesday, March 23 with “Buy” rating. Wells Fargo downgraded Chimera Investment Corporation (NYSE:CIM) on Wednesday, May 4 to “Underperform” rating. The stock of Chimera Investment Corporation (NYSE:CIM) has “Equal-Weight” rating given on Tuesday, October 13 by Barclays Capital. The rating was downgraded by Zacks to “Buy” on Wednesday, August 12. The stock has “Market Perform” rating by Wells Fargo on Monday, January 18.

Investors sentiment is 0.5 in Q4 2016. Its the same as in 2016Q3. It is without change, as 0 investors sold Chimera Investment Corporation shares while 2 reduced holdings. only 0 funds opened positions while 1 raised stakes. 951,138 shares or 3.36% less from 984,213 shares in 2016Q3 were reported. Capital Investment Advisors Ltd holds 0.09% of its portfolio in Chimera Investment Corporation (NYSE:CIM) for 65,355 shares. Nfc Investments accumulated 859,836 shares or 5.66% of the stock. Balasa Dinverno And Foltz Ltd Liability Com owns 25,947 shares or 0.08% of their US portfolio.

Chimera Investment Corporation is a real estate investment trust . The company has market cap of $3.44 billion. The firm is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities. It has a 5.62 P/E ratio. The Company’s objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation.