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Investing.com - Evercore ISI raised its price target on Cohen & Steers (NYSE:CNS) to $77.00 from $74.00 on Monday, while maintaining an Outperform rating following the asset manager’s third-quarter results.
The investment firm highlighted Cohen & Steers’ positive inflows of $233 million in the third quarter, representing a 1% growth rate compared to the -0.6% outflow rate in the previous quarter. The wealth management channel was particularly strong with a 7% inflow rate, while preferred securities, global real estate, and infrastructure strategies also performed well.
Cohen & Steers’ margin increased year-over-year to 36.1%, and the company reported strong alpha generation across its investment strategies. The firm’s unfunded pipeline stands at $1.75 billion, reaching its highest level since the fourth quarter of 2021, while open-end funds have maintained a positive streak for five consecutive quarters.
Evercore ISI noted several organic growth tailwinds for Cohen & Steers, including a $0.5 billion rights offering for its UFT infrastructure closed-end fund, growing demand for infrastructure and multi-strategy real assets, positive momentum in global real estate, and expansion in active ETFs and offshore SICAVs.
Based on these developments, Evercore ISI revised its earnings per share estimates upward to $3.12 for 2025 and $3.51 for 2026, from previous estimates of $3.04 and $3.43 respectively, while introducing a 2027 EPS estimate of $3.79.
In other recent news, Cohen & Steers reported impressive financial results for the third quarter of 2025. The company achieved earnings per share of $0.81, which surpassed analysts’ expectations of $0.78. Additionally, Cohen & Steers’ revenue reached $141.72 million, exceeding the forecasted $139.13 million. These figures indicate a strong performance, highlighting the company’s effective strategies and operations. Following the earnings announcement, analysts have taken note of the company’s financial health. The results have contributed to a positive outlook from firms monitoring the company’s progress. These recent developments underscore the company’s ongoing momentum in the market.
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