Cohen & Steers Inc (NYSE: CNS) has reported earnings for its third fiscal quarter (ending September 30) of $0.78 versus $0.65 for the same period a year ago — an increase of 20%. Relative to the consensus estimate of $0.74, this was a premium of $0.04. For the latest four quarters through September 30, E.P.S. were $2.70 compared to $2.68 a year ago — an increase of 1%.
Recent Price Action
Cohen & Steers Inc (NYSE: CNS) stock enjoyed a large increase of 3.0% on 10/16/24. The stock closed at $101.17. Moreover, this advance was accompanied by exceptionally high trading volume at 215% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 11.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CNS is expected to continue to be a major Value Builder.
Cohen & Steers has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cohen & Steers has a slightly negative Appreciation Score of 31 but a very high Power Rating of 91, producing the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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