CoStar Group Upgraded to “Buy” at B. Riley (CSGP)
CoStar Group (NASDAQ:CSGP) was upgraded by research analysts at B. Riley from a “neutral” rating to a “buy” rating in a report released on Monday, TheFlyOnTheWall.com reports. The firm currently has a $210.00 price objective on the stock. B. Riley’s target price indicates a potential upside of 28.72% from the stock’s previous close.
CoStar Group (NASDAQ:CSGP) opened at 163.15 on Monday. CoStar Group has a 52-week low of $106.10 and a 52-week high of $218.17. The stock has a 50-day moving average of $187.1 and a 200-day moving average of $181.3. The company has a market cap of $4.707 billion and a price-to-earnings ratio of 155.38.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $119.10 million for the quarter, compared to the consensus estimate of $117.41 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, analysts predict that CoStar Group will post $3.01 earnings per share for the current fiscal year.
CSGP has been the subject of a number of other recent research reports. Analysts at SunTrust raised their price target on shares of CoStar Group from $220.00 to $240.00 in a research note on Tuesday, March 4th. Separately, analysts at Needham & Company LLC raised their price target on shares of CoStar Group to $210.00 in a research note on Friday, February 21st. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of CoStar Group in a research note on Wednesday, February 12th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $212.65.
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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