CoStar Group Rating Increased to Neutral at Zacks (CSGP)
CoStar Group (NASDAQ:CSGP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Friday. The firm currently has a $144.70 price target on the stock. Zacks‘s price target suggests a potential upside of 1.15% from the company’s current price.
CoStar Group (NASDAQ:CSGP) opened at 143.06 on Friday. CoStar Group has a 52-week low of $138.49 and a 52-week high of $218.17. The stock has a 50-day moving average of $151.5 and a 200-day moving average of $170.2. The company has a market cap of $4.621 billion and a price-to-earnings ratio of 98.92.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, July 23rd. The company reported $0.66 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.04. On average, analysts predict that CoStar Group will post $3.09 earnings per share for the current fiscal year.
CSGP has been the subject of a number of other recent research reports. Analysts at JMP Securities upgraded shares of CoStar Group from a “market perform” rating to an “outperform” rating in a research note on Monday, June 30th. They now have a $210.00 price target on the stock. They noted that the move was a valuation call. Analysts at Bank of America initiated coverage on shares of CoStar Group in a research note on Monday, June 16th. They set a “buy” rating and a $195.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $201.12.
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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