CoStar Group Given Average Rating of “Buy” by Brokerages (NASDAQ:CSGP)
Shares of CoStar Group (NASDAQ:CSGP) have earned a consensus recommendation of “Buy” from the eight analysts that are covering the stock, StockRatingsNetwork.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $201.12.
Shares of CoStar Group (NASDAQ:CSGP) opened at 143.70 on Monday. CoStar Group has a 1-year low of $138.49 and a 1-year high of $218.17. The stock has a 50-day moving average of $149.2 and a 200-day moving average of $169.0. The company has a market cap of $4.642 billion and a price-to-earnings ratio of 98.90.
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. Analysts expect that CoStar Group will post $3.09 EPS for the current fiscal year.
CSGP has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of CoStar Group from an “underperform” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $144.70 price target on the stock. Separately, 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. Finally, 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.
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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