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Investment analysts at SunTrust lowered their target price on shares of CoStar Group (NASDAQ:CSGP) from $240.00 to $220.00 in a note issued to investors on Monday, Analyst Ratings.Net reports. SunTrust’s target price suggests a potential upside of 40.54% from the stock’s previous close.

CoStar Group (NASDAQ:CSGP) traded down 1.76% on Monday, hitting $156.54. 622,911 shares of the company’s stock traded hands. 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 $184.0 and a 200-day moving average of $181.4. The company has a market cap of $4.517 billion and a price-to-earnings ratio of 151.75.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, April 23rd. The company reported $0.69 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.47 earnings per share. CoStar Group’s revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that CoStar Group will post $3.12 earnings per share for the current fiscal year.

CSGP has been the subject of a number of other recent research reports. Analysts at B. Riley raised their price target on shares of CoStar Group from $210.00 to $227.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at William Blair upgraded shares of CoStar Group to a “buy” rating in a research note on Monday, April 21st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. CoStar Group currently has an average rating of “Buy” and an average price target of $211.90.

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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