SunTrust Increases CoStar Group Price Target to $210.00 (CSGP)
Investment analysts at SunTrust hoisted their target price on shares of CoStar Group (NASDAQ:CSGP) from $195.00 to $210.00 in a note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. SunTrust’s price target indicates a potential upside of 16.95% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Needham & Company raised their price target on shares of CoStar Group from $165.00 to $190.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at B. Riley raised their price target on shares of CoStar Group from $149.00 to $171.50 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $169.04.
CoStar Group (NASDAQ:CSGP) traded up 1.83% on Friday, hitting $179.57. The stock had a trading volume of 174,312 shares. CoStar Group has a one year low of $76.41 and a one year high of $170.54. The stock has a 50-day moving average of $157.6 and a 200-day moving average of $125.6. The company has a market cap of $5.140 billion and a price-to-earnings ratio of 284.44.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.08. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $111.71 million. During the same quarter last year, the company posted $0.47 earnings per share. CoStar Group’s revenue was up 17.0% compared to the same quarter last year. Analysts expect that CoStar Group will post $2.35 EPS for the current fiscal year.
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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