Cohen & Steers (NYSE:CNS) has been assigned a $43.00 target price by equities research analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the asset manager’s stock. Credit Suisse Group’s target price suggests a potential upside of 9.30% from the stock’s current price.
CNS has been the subject of a number of other research reports. Zacks Investment Research upgraded Cohen & Steers from a “hold” rating to a “strong-buy” rating and set a $55.00 price target for the company in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $49.00 price target on shares of Cohen & Steers in a research note on Friday, December 22nd. Finally, Gabelli lowered Cohen & Steers from a “buy” rating to a “hold” rating and set a $54.00 price target for the company. in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.80.
Shares of Cohen & Steers stock opened at $39.34 on Thursday. Cohen & Steers has a one year low of $36.29 and a one year high of $47.83. The firm has a market capitalization of $1,909.72, a P/E ratio of 19.00, a P/E/G ratio of 1.22 and a beta of 1.30.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, January 24th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Cohen & Steers had a return on equity of 33.83% and a net margin of 24.31%. The business had revenue of $99.40 million during the quarter, compared to analyst estimates of $98.08 million. During the same quarter in the prior year, the business posted $0.48 EPS. Cohen & Steers’s revenue for the quarter was up 11.2% compared to the same quarter last year. analysts anticipate that Cohen & Steers will post 2.57 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. We Are One Seven LLC purchased a new stake in Cohen & Steers in the 4th quarter worth $159,000. Envestnet Asset Management Inc. grew its position in shares of Cohen & Steers by 61.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,706 shares of the asset manager’s stock valued at $175,000 after purchasing an additional 1,405 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Cohen & Steers during the third quarter valued at about $215,000. Koch Industries Inc. purchased a new position in shares of Cohen & Steers during the fourth quarter valued at about $287,000. Finally, Jefferies Group LLC purchased a new position in shares of Cohen & Steers during the fourth quarter valued at about $302,000. Institutional investors and hedge funds own 47.41% of the company’s stock.
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Cohen & Steers Company Profile
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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