Cohen & Steers (CNS) Rating Increased to Buy at Gabelli

Cohen & Steers (NYSE:CNS) was upgraded by stock analysts at Gabelli to a “buy” rating in a research report issued on Monday.

A number of other brokerages have also recently issued reports on CNS. Credit Suisse Group set a $43.00 price objective on shares of Cohen & Steers and gave the company a “hold” rating in a research note on Thursday, April 5th. Zacks Investment Research cut shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $49.00 price objective on shares of Cohen & Steers in a research note on Friday, December 22nd. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. Cohen & Steers currently has a consensus rating of “Hold” and an average target price of $45.20.

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NYSE:CNS traded up $0.78 during mid-day trading on Monday, reaching $39.54. The stock had a trading volume of 30,230 shares, compared to its average volume of 234,443. The stock has a market capitalization of $1,811.57, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. Cohen & Steers has a 12 month low of $36.29 and a 12 month high of $47.83.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, January 24th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $99.40 million for the quarter, compared to analysts’ expectations of $98.08 million. Cohen & Steers had a net margin of 24.31% and a return on equity of 33.83%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. sell-side analysts predict that Cohen & Steers will post 2.5 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of CNS. We Are One Seven LLC bought a new stake in shares of Cohen & Steers during the fourth quarter worth $159,000. Envestnet Asset Management Inc. lifted its holdings 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 worth $175,000 after purchasing an additional 1,405 shares during the period. Koch Industries Inc. acquired a new position in shares of Cohen & Steers during the fourth quarter worth $287,000. JPMorgan Chase & Co. lifted its holdings in shares of Cohen & Steers by 51.7% during the third quarter. JPMorgan Chase & Co. now owns 7,434 shares of the asset manager’s stock worth $293,000 after purchasing an additional 2,534 shares during the period. Finally, Jefferies Group LLC acquired a new position in shares of Cohen & Steers during the fourth quarter worth $302,000. 47.39% of the stock is currently owned by hedge funds and other institutional investors.

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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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