Cohen & Steers (NYSE:CNS) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Cohen & Steers' stock has been given a "hold (C)" rating by Weiss Ratings, indicating a neutral outlook from analysts.
• Bank of America raised the price target on Cohen & Steers from $66.00 to $68.00, while Evercore ISI decreased it from $79.00 to $77.00.
• The company reported a Q2 EPS of $0.73, falling short of expectations, though its revenue increased by 11.8% year-over-year.

Cohen & Steers (NYSE:CNS - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently issued reports on the company. Bank of America lifted their price target on Cohen & Steers from $66.00 to $68.00 and gave the company an "underperform" rating in a report on Thursday, October 2nd. Evercore ISI cut their price target on Cohen & Steers from $79.00 to $77.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $82.33.

Cohen & Steers Trading Down 0.3%

Shares of NYSE CNS traded down $0.22 during midday trading on Wednesday, hitting $66.16. The company's stock had a trading volume of 202,871 shares, compared to its average volume of 267,594. The business's 50 day moving average is $71.28 and its two-hundred day moving average is $74.84. The firm has a market cap of $3.37 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.05 and a beta of 1.38. Cohen & Steers has a 12-month low of $64.29 and a 12-month high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The asset manager reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $135.32 million for the quarter, compared to analysts' expectations of $134.59 million. Cohen & Steers had a return on equity of 29.95% and a net margin of 29.82%.The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share.

Institutional Trading of Cohen & Steers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Cohen & Steers during the 2nd quarter valued at about $27,880,000. Wasatch Advisors LP raised its stake in shares of Cohen & Steers by 15.1% during the 2nd quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager's stock valued at $185,790,000 after buying an additional 323,759 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Cohen & Steers by 107.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 190,077 shares of the asset manager's stock valued at $14,322,000 after buying an additional 98,431 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Cohen & Steers during the 1st quarter valued at about $7,222,000. Finally, Millennium Management LLC raised its stake in shares of Cohen & Steers by 485.1% during the 1st quarter. Millennium Management LLC now owns 93,175 shares of the asset manager's stock valued at $7,477,000 after buying an additional 77,251 shares during the last quarter. Institutional investors and hedge funds own 51.47% of the company's stock.

About Cohen & Steers

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.

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