Bank of America Securities Remains a Sell on Cohen & Steers (CNS)

In a report released today, Craig Siegenthaler from Bank of America Securities maintained a Sell rating on Cohen & Steers, with a price target of $63.00.

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Siegenthaler covers the Financial sector, focusing on stocks such as BlackRock, Ares Management, and Janus Henderson Group. According to TipRanks, Siegenthaler has an average return of 20.4% and a 63.95% success rate on recommended stocks.

Currently, the analyst consensus on Cohen & Steers is a Hold with an average price target of $70.00.

Based on Cohen & Steers’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $142.44 million and a net profit of $36.85 million. In comparison, last year the company earned a revenue of $126.78 million and had a net profit of $31.77 million

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNS in relation to earlier this year. Last month, Robert Hamilton Steers, the EC of CNS bought 25,000.00 shares for a total of $1,496,880.00.