Cohen & Steers (NYSE:CNS) Price Target Raised to $77.00

Key Points

• Evercore ISI raised the price target for Cohen & Steers from $74.00 to $77.00, maintaining an "outperform" rating and indicating a potential upside of 10.54% from the previous close.
• The asset manager reported earnings of $0.81 per share for the last quarter, surpassing analysts' expectations of $0.78, and showing a 6.4% increase in revenue year-over-year.
• Cohen & Steers' stock currently holds an average rating of "Hold" among analysts, with a consensus price target of $72.50.

Cohen & Steers (NYSE:CNS - Get Free Report) had its price target hoisted by research analysts at Evercore ISI from $74.00 to $77.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the asset manager's stock. Evercore ISI's price target indicates a potential upside of 10.54% from the company's previous close.

CNS has been the subject of several other reports. Bank of America upped their target price on Cohen & Steers from $66.00 to $68.00 and gave the stock an "underperform" rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Cohen & Steers in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $72.50.

Cohen & Steers Stock Up 0.1%

CNS traded up $0.04 during trading hours on Monday, reaching $69.66. 118,736 shares of the company's stock traded hands, compared to its average volume of 225,326. The firm has a 50-day moving average price of $70.35 and a 200 day moving average price of $74.12. Cohen & Steers has a 52-week low of $64.29 and a 52-week high of $108.76. The firm has a market capitalization of $3.55 billion, a PE ratio of 21.84, a PEG ratio of 2.17 and a beta of 1.38.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings data on Thursday, October 16th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.03. Cohen & Steers had a return on equity of 29.92% and a net margin of 29.73%.The company had revenue of $140.94 million during the quarter, compared to analysts' expectations of $138.84 million. During the same quarter in the previous year, the business earned $0.77 EPS. Cohen & Steers's revenue was up 6.4% compared to the same quarter last year.

Institutional Investors Weigh In On Cohen & Steers

A number of hedge funds have recently made changes to their positions in CNS. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cohen & Steers during the 1st quarter worth $25,000. Geneos Wealth Management Inc. lifted its stake in shares of Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager's stock worth $31,000 after purchasing an additional 297 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Cohen & Steers by 36.1% during the 1st quarter. GAMMA Investing LLC now owns 992 shares of the asset manager's stock worth $80,000 after purchasing an additional 263 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Cohen & Steers during the 1st quarter worth $110,000. Finally, Covestor Ltd lifted its stake in shares of Cohen & Steers by 12.8% during the 1st quarter. Covestor Ltd now owns 1,678 shares of the asset manager's stock worth $135,000 after purchasing an additional 191 shares during the last quarter. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Company Profile

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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