Brokerages Set Cohen & Steers Inc (CNS) PT at $43.25
Shares of Cohen & Steers Inc (NYSE:CNS) have received an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $43.60.
CNS has been the subject of a number of research reports. Zacks Investment Research cut Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. BidaskClub cut Cohen & Steers from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Bank of America Corporation lifted their price objective on Cohen & Steers from $35.00 to $38.00 and gave the stock an “underperform” rating in a research note on Friday. Credit Suisse Group lifted their price objective on Cohen & Steers from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price objective on shares of Cohen & Steers in a research note on Friday.
Shares of Cohen & Steers (NYSE CNS) traded down 3.377% during mid-day trading on Friday, hitting $42.495. The stock had a trading volume of 118,009 shares. Cohen & Steers has a 12-month low of $33.16 and a 12-month high of $45.50. The firm has a market cap of $1.97 billion, a P/E ratio of 20.639 and a beta of 1.61. The company has a 50 day moving average price of $39.63 and a 200 day moving average price of $39.95.
Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, October 18th. The asset manager reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business had revenue of $96.40 million during the quarter, compared to analysts’ expectations of $95.76 million. Cohen & Steers had a return on equity of 33.78% and a net margin of 26.53%. Cohen & Steers’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. Equities analysts forecast that Cohen & Steers will post $2.03 earnings per share for the current fiscal year.
In other Cohen & Steers news, insider John Todd Glickson sold 6,700 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $39.72, for a total transaction of $266,124.00. Following the completion of the sale, the insider now owns 36,738 shares in the company, valued at approximately $1,459,233.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 52.90% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank increased its holdings in Cohen & Steers by 3.3% during the 1st quarter. Swiss National Bank now owns 34,200 shares of the asset manager’s stock worth $1,367,000 after purchasing an additional 1,100 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Cohen & Steers during the 1st quarter worth about $212,000. Karp Capital Management Corp acquired a new position in shares of Cohen & Steers during the 1st quarter worth about $249,000. Parametric Portfolio Associates LLC boosted its stake in shares of Cohen & Steers by 50.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 29,105 shares of the asset manager’s stock worth $1,163,000 after buying an additional 9,788 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Cohen & Steers during the 1st quarter worth about $205,000. Institutional investors and hedge funds own 45.36% of the company’s stock.
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About Cohen & Steers
Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.
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