Evercore ISI Increases Cohen & Steers (NYSE:CNS) Price Target to $111.00

Cohen & Steers (NYSE:CNS) had its target price lifted by analysts at Evercore ISI from $110.00 to $111.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Evercore ISI’s target price suggests a potential upside of 8.54% from the stock’s previous close.

Separately, UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their price target for the company from $63.00 to $102.00 in a report on Thursday, October 17th.

Cohen & Steers Price Performance

CNS stock opened at $102.27 on Thursday. Cohen & Steers has a 1 year low of $51.61 and a 1 year high of $110.67. The company has a market cap of $5.17 billion, a P/E ratio of 38.16 and a beta of 1.53. The stock’s fifty day moving average price is $95.34 and its 200-day moving average price is $82.54.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $124.18 million. Cohen & Steers had a return on equity of 34.43% and a net margin of 27.23%. Cohen & Steers’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share.

Institutional Trading of Cohen & Steers

Several institutional investors and hedge funds have recently modified their holdings of CNS. Ashton Thomas Securities LLC purchased a new position in shares of Cohen & Steers in the third quarter valued at about $31,000. GAMMA Investing LLC raised its stake in Cohen & Steers by 115.1% during the 2nd quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 198 shares during the period. Signaturefd LLC lifted its holdings in Cohen & Steers by 19.8% in the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock worth $62,000 after purchasing an additional 107 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Cohen & Steers by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after purchasing an additional 119 shares in the last quarter. Finally, KBC Group NV bought a new position in Cohen & Steers in the 3rd quarter worth approximately $106,000. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.