CoStar Group Given Average Recommendation of “Buy” by Brokerages (NASDAQ:CSGP)
Shares of CoStar Group (NASDAQ:CSGP) have earned a consensus rating of “Buy” from the nine brokerages that are currently covering the company, ARN reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $201.12.
Shares of CoStar Group (NASDAQ:CSGP) opened at 144.61 on Monday. CoStar Group has a 52 week low of $138.49 and a 52 week high of $218.17. The stock’s 50-day moving average is $147. and its 200-day moving average is $168.1. The company has a market cap of $4.671 billion and a price-to-earnings ratio of 99.10.
CoStar Group (NASDAQ:CSGP) last released its earnings data 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.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of CoStar Group in a research note on Wednesday. They set a “neutral” rating on the stock. Separately, 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. Finally, 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.
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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