Cohen & Steers (CNS) was Initiated by Sidoti to “Buy” and the brokerage firm has set the Price Target at $46. Sidoti advised their Clients and Investors in a research report released on Mar 3, 2017.
Based on several research reports , Sidoti Initiated Cohen & Steers on Mar 3, 2017 to “Buy”, Price Target of the shares are set at $46.Sidoti Initiated Cohen & Steers on Mar 3, 2017 to “Buy”, Price Target of the shares are set at $46.
On the company’s financial health, Cohen & Steers reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 18, 2017. Analyst had a consensus of $0.47. The company had revenue of $89.40 million for the quarter, compared to analysts expectations of $90.56 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Several company insiders have filed Insider transactions , on Feb 21, 2017, Matthew S. Stadler (Chief Financial Officer, EVP) sold 40,000 shares at $35.22 per share price. According to the SEC, on Nov 10, 2016, Elena Dulik (Chief Accounting Officer) sold 467 shares at $37.73 per share price. On Mar 17, 2016, Francis C Poli (General Counsel, Secretary,EVP) sold 12,352 shares at $35.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Cohen & Steers opened for trading at $36.99 and hit $37.33 on the upside on Monday, eventually ending the session at $37.23, with a gain of 0.92% or 0.34 points. The heightened volatility saw the trading volume jump to 1,67,551 shares. Company has a market cap of $1,708 M.
Cohen & Steers Inc. (CNS) is an investment manager with a focus on real assets including real estate infrastructure and commodities along with preferred securities and other income solutions. The Company serves institutional and individual investors around the world. The Company manages three types of accounts: institutional accounts open-end mutual funds and closed-end funds. The Company’s Institutional accounts for which CNS is the investment adviser represents portfolios of securities it manages for institutional clients. The open-end mutual funds for which the Company is the investment adviser offer and issue new shares continuously as assets are invested and redeem shares when assets are withdrawn. The closed-end funds for which the Company is the investment adviser are registered investment companies that have issued a fixed number of shares through public offerings.