CoStar Group Research Coverage Started at Goldman Sachs (CSGP)
Goldman Sachs assumed coverage on shares of CoStar Group (NASDAQ:CSGP) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. initiated coverage on shares of CoStar Group in a research note on Wednesday, August 13th. 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. CoStar Group has an average rating of “Buy” and a consensus target price of $201.12.
Shares of CoStar Group (NASDAQ:CSGP) opened at 145.93 on Monday. 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 $147. and its 200-day moving average is $167.9. The company has a market cap of $4.714 billion and a P/E ratio of 99.53.
CoStar Group (NASDAQ:CSGP) last released its earnings data 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.
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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