Cohen & Steers Sets New 1-Year High at $43.84 (CNS)
Cohen & Steers (NYSE:CNS) reached a new 52-week high during mid-day trading on Monday , AmericanBankingNews.com reports. The company traded as high as $43.84 and last traded at $43.53, with a volume of 10,523 shares changing hands. The stock had previously closed at $43.41.
A number of research firms have recently commented on CNS. Analysts at Zacks downgraded shares of Cohen & Steers from an “outperform” rating to a “neutral” rating in a research note on Monday, June 23rd. They now have a $44.80 price target on the stock. Separately, analysts at Gabelli downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. Finally, analysts at Bank of America reiterated an “underperform” rating on shares of Cohen & Steers in a research note on Monday, April 21st. They now have a $36.00 price target on the stock, up previously from $34.00.
The stock’s 50-day moving average is $41.65 and its 200-day moving average is $39.40. The company has a market cap of $1.942 billion and a price-to-earnings ratio of 27.13.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.04. The company had revenue of $72.84 million for the quarter, compared to the consensus estimate of $72.50 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that Cohen & Steers will post $1.79 earnings per share for the current fiscal year.
Cohen & Steers, Inc (NYSE:CNS) is a global investment management firm focused on global real estate securities, global listed infrastructure, real assets, large cap value stocks, and preferred securities.
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