Cohen & Steers Inc. (CNS) Shares Gap Up to $42.25
Cohen & Steers Inc. (NYSE:CNS) gapped up before the market opened on Friday . The stock had previously closed at $41.97, but opened at $42.25. Cohen & Steers shares last traded at $43.39, with a volume of 22,209 shares.
CNS has been the topic of several recent research reports. Credit Suisse Group AG initiated coverage on shares of Cohen & Steers in a research note on Thursday, July 14th. They set a “neutral” rating and a $42.00 target price on the stock. TheStreet raised shares of Cohen & Steers from a “hold” rating to a “buy” rating in a research note on Thursday, April 14th. Zacks Investment Research downgraded shares of Cohen & Steers from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, Sidoti initiated coverage on shares of Cohen & Steers in a research note on Monday, April 11th. They set a “buy” rating and a $51.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.75.
The stock has a market cap of $1.98 billion and a P/E ratio of 29.26. The company’s 50 day moving average price is $41.46 and its 200 day moving average price is $37.15.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $86.40 million for the quarter, compared to analyst estimates of $86.12 million. Cohen & Steers’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. On average, analysts anticipate that Cohen & Steers Inc. will post $1.88 earnings per share for the current year.
Several large investors have recently modified their holdings of CNS. Dimensional Fund Advisors LP increased its stake in shares of Cohen & Steers by 51.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 209,210 shares of the company’s stock worth $6,378,000 after buying an additional 71,353 shares during the period. Comerica Bank bought a new stake in Cohen & Steers during the fourth quarter valued at about $1,537,000. Finally, Rhumbline Advisers boosted its stake in Cohen & Steers by 3.5% in the fourth quarter. Rhumbline Advisers now owns 37,420 shares of the company’s stock valued at $1,141,000 after buying an additional 1,270 shares in the last quarter.
Cohen & Steers, Inc 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 around the world.
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