What the Hell Happened at Cohen & Steers, Inc. (CNS)?

Stay Ahead of Wall Street. Find out what is happening to Cohen & Steers, Inc. (NYSE:CNS) stock today? Its price is nose-diving -2.2 points, trading at $48.82 levels, and is down -4.31% from its previous close of $51.02. The shares seem to have an active trading volume day with a reported 121896 contracts so far this session. CNS shares had a relatively better volume day versus average trading capacity of 180.27 thousand shares, but with a 22.07 million float and a 1.43% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CNS stock indicates that the average analyst price target is $47.5 per share. This means the stock has a potential decrease of -2.7% from where the CNS share price has been trading recently which is between $50.91 and $51.46. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $42.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Cohen & Steers’ (CNS) May AUM Decreases on Higher Outflows” and dated June 11, 2019.

During the recent trading session for Cohen & Steers, Inc. (NYSE:CNS), the company witnessed their stock drop by $-1.2 over a week and tumble down $-0.36 from the price 20 days ago. When compared to their established 52-week high of $52.45, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/30/19. The recent low of $32.95 stood for a -6.92% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.99 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Cohen & Steers, Inc., the two-week RSI stands at 42.97. This figure suggests that CNS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CNS readings is similarly very revealing as it has a stochastic reading of 39.28% at this stage. This figure means that CNS share price today is being neutral.

Technical chart claims that Cohen & Steers, Inc. (CNS) would settle between $51.35/share to $51.68/share level. However, if the stock price goes below the $50.8 mark, then the market for Cohen & Steers, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $50.58 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.23. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at Gabelli & Co lowered their recommendation on shares of CNS from Buy to Hold in their opinion released on April 22. Keefe Bruyette analysts have lowered their rating of Cohen & Steers, Inc. (NYSE:CNS) stock from Mkt Perform to Underperform in a separate flash note issued to investors on February 21. Analysts at Keefe Bruyette lowered the stock to a Underperform call from its previous Mkt Perform recommendation, in a research note that dated back to January 26.

CNS equity has an average rating of 3, with the figure leaning towards a bullish end. 5 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated Cohen & Steers, Inc. (NYSE:CNS) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, CNS stock price is currently trading at 18.85X forward 12-month Consensus EPS estimates, and its P/S ratio is 6.33 while for the average stock in the same group, the multiple is 9.75. Cohen & Steers, Inc. current P/E ratio of 20.41 means it is trading at a discount against its industry’s 21.36. In the past 5 years, this ratio for the stock has been fluctuating between 14.29 and 25.21.