CoStar Group (CSGP) Price Target Raised to $410.00

CoStar Group (NASDAQ:CSGP) had its target price upped by investment analysts at SunTrust Banks to $410.00 in a report released on Monday, The Fly reports. The firm presently has a “buy” rating on the technology company’s stock. SunTrust Banks’ price objective indicates a potential upside of 19.39% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Citigroup reaffirmed a “buy” rating and set a $425.00 price objective (up previously from $320.00) on shares of CoStar Group in a research report on Tuesday, January 23rd. Wells Fargo & Co set a $400.00 price objective on CoStar Group and gave the company a “buy” rating in a research report on Thursday, January 18th. BidaskClub raised CoStar Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Needham & Company LLC raised their price objective on CoStar Group to $350.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. downgraded CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price objective on the stock. in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $359.20.

Shares of CoStar Group (NASDAQ:CSGP) opened at $343.40 on Monday. CoStar Group has a 12-month low of $197.18 and a 12-month high of $355.80. The firm has a market capitalization of $12,412.36, a PE ratio of 103.75, a P/E/G ratio of 3.79 and a beta of 1.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96.

A number of hedge funds and other institutional investors have recently modified their holdings of CSGP. Lenox Wealth Advisors Inc. acquired a new stake in CoStar Group in the fourth quarter worth about $102,000. Toronto Dominion Bank boosted its holdings in CoStar Group by 12.3% in the second quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after acquiring an additional 44 shares in the last quarter. Cerebellum GP LLC acquired a new stake in CoStar Group in the fourth quarter worth about $129,000. First Manhattan Co. acquired a new stake in CoStar Group in the third quarter worth about $187,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in CoStar Group in the second quarter worth about $188,000. 98.85% of the stock is owned by institutional investors and hedge funds.

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About CoStar Group

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.