CoStar Group Price Target Raised to $195.00 at SunTrust (CSGP)
Equities research analysts at SunTrust raised their target price on shares of CoStar Group (NASDAQ:CSGP) from $185.00 to $195.00 in a research note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. SunTrust’s price objective points to a potential upside of 16.27% from the company’s current price.
A number of other firms have also recently commented on CSGP. Analysts at Zacks upgraded shares of CoStar Group (NASDAQ:CSGP) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 26th. They now have a $163.70 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of CoStar Group (NASDAQ:CSGP) from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 5th. Finally, analysts at Needham & Company raised their price target on shares of CoStar Group (NASDAQ:CSGP) from $115.00 to $165.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $155.93.
Shares of CoStar Group (NASDAQ:CSGP) traded up 0.15% during mid-day trading on Friday, hitting $167.97. 71,896 shares of the company’s stock traded hands. CoStar Group has a one year low of $76.41 and a one year high of $169.63. The stock’s 50-day moving average is $157.3 and its 200-day moving average is $125.1. The company has a market cap of $4.808 billion and a price-to-earnings ratio of 270.52.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, July 24th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.09. The company had revenue of $109.00 million for the quarter, compared to the consensus estimate of $106.36 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis.
In other CoStar Group news, VP Jennifer Kitchen unloaded 2,750 shares of the company’s stock on the open market in a transaction dated Monday, September 9th. The shares were sold at an average price of $160.85, for a total transaction of $442,337.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
CoStar Group, Inc (NASDAQ:CSGP) is a provider of information, analytics and marketing services to the commercial real estate industry in the United States and United Kingdom.
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