For its second fiscal quarter (ending June 30), Cohen & Steers Inc (NYSE: CNS) has reported a -2% decline in E.P.S. from $0.64 a year ago to $0.63 in the current quarter. This performance was $-0.05 short of the consensus estimate of $0.68. E.P.S. were $2.57 for the latest four quarters through June 30 versus $2.94 for the same period a year ago — a decline of -13%.
Recent Price Action
Cohen & Steers Inc (NYSE: CNS) stock closed at $81.29 on 7/17/24 after a modest gain of 0.3%. Moreover, this advance was accompanied by unusually high trading volume at 155% of normal. Relative to the market the stock has been strong over the last nine months and has risen 12.5% 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 (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cohen & Steers has a poor Appreciation Score of 25 but a good Power Rating of 79, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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