Cohen & Steers (CNS) Receives a Buy from Evercore ISI
Evercore ISI analyst Glenn Schorr reiterated a Buy rating on Cohen & Steers today and set a price target of $75.00.
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According to TipRanks, Schorr is a 4-star analyst with an average return of 6.5% and a 55.63% success rate. Schorr covers the Financial sector, focusing on stocks such as Invesco, Franklin Resources, and JPMorgan Chase.
The word on The Street in general, suggests a Hold analyst consensus rating for Cohen & Steers with a $64.00 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.
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- 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
