CoStar Group Stock Rating Upgraded by Thomson Reuters/Verus (CSGP)
CoStar Group (NASDAQ:CSGP) was upgraded by Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research note issued on Monday, AR Network reports.
CoStar Group (NASDAQ:CSGP) traded up 1.26% during mid-day trading on Monday, hitting $164.35. The stock had a trading volume of 42,196 shares. CoStar Group has a 1-year low of $76.41 and a 1-year high of $173.46. The stock has a 50-day moving average of $163.0 and a 200-day moving average of $134.9. The company has a market cap of $4.704 billion and a price-to-earnings ratio of 261.79.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, July 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. Analysts expect that CoStar Group will post $2.35 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of CoStar Group from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $173.70 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of CoStar Group from $185.00 to $195.00 in a research note to investors on Friday, September 13th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $158.43.
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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