Cohen & Steers (CNS) Gets a Sell from Bank of America Securities
Bank of America Securities analyst Craig Siegenthaler maintained a Sell rating on Cohen & Steers on April 2 and set a price target of $53.00. The company’s shares closed last Thursday at $62.66.
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Siegenthaler covers the Financial sector, focusing on stocks such as BlackRock, T Rowe Price, and Affiliated Managers. According to TipRanks, Siegenthaler has an average return of 14.1% and a 56.35% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Cohen & Steers with a $53.00 average price target.
Based on Cohen & Steers’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $143.8 million and a net profit of $34.88 million. In comparison, last year the company earned a revenue of $144.73 million and had a net profit of $45.82 million
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNS in relation to earlier this year.
Read More on CNS:
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- Cohen & Steers reports preliminary AUM of $98.4B as of February 28
- Regulatory Shifts in Commission Credits Could Squeeze Cohen & Steers’ Research Budget and Profit Margins
- Cohen & Steers raises quarterly dividend 8.1% to 67c from 62c per share
- Cohen & Steers reports preliminary AUM of $93.1B as of January 31
