Citigroup Inc. Initiates Coverage on CoStar Group (CSGP)
Research analysts at Citigroup Inc. began coverage on shares of CoStar Group (NASDAQ:CSGP) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on CSGP. 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. CoStar Group currently has a consensus rating of “Buy” and a consensus target price of $201.12.
Shares of CoStar Group (NASDAQ:CSGP) opened at 145.77 on Wednesday. CoStar Group has a 1-year low of $138.49 and a 1-year high of $218.17. The stock’s 50-day moving average is $148.2 and its 200-day moving average is $168.4. The company has a market cap of $4.709 billion and a P/E ratio of 100.06.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, July 23rd. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.04. Analysts expect that CoStar Group will post $3.09 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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