FY2017 Earnings Estimate for CoStar Group Inc (CSGP) Issued By SunTrust Banks

CoStar Group Inc (NASDAQ:CSGP) – Equities research analysts at SunTrust Banks cut their FY2017 earnings per share (EPS) estimates for shares of CoStar Group in a report released on Monday. SunTrust Banks analyst A. Jeffrey now expects that the technology company will post earnings of $3.84 per share for the year, down from their previous forecast of $4.02. SunTrust Banks currently has a “Buy” rating and a $410.00 target price on the stock. SunTrust Banks also issued estimates for CoStar Group’s Q3 2018 earnings at $1.68 EPS, Q4 2018 earnings at $1.76 EPS, FY2018 earnings at $5.74 EPS and FY2019 earnings at $7.11 EPS.

CSGP has been the topic of several other research reports. BidaskClub downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Goldman Sachs Group began coverage on shares of CoStar Group in a report on Wednesday, November 8th. They set a “buy” rating and a $359.00 price objective on the stock. Wells Fargo & Co set a $400.00 price objective on shares of CoStar Group and gave the stock a “buy” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. downgraded shares of CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price objective on the stock. in a report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $359.20.

CoStar Group (CSGP) opened at $335.19 on Wednesday. The company has a market cap of $12,229.10, a price-to-earnings ratio of 84.79, a P/E/G ratio of 3.73 and a beta of 1.66. CoStar Group has a twelve month low of $197.18 and a twelve month high of $355.80. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15.

Several large investors have recently bought and sold shares of CSGP. Lenox Wealth Advisors Inc. bought a new position in shares of CoStar Group during the 4th quarter worth about $102,000. Toronto Dominion Bank increased its holdings in shares of CoStar Group by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after purchasing an additional 44 shares during the period. Cerebellum GP LLC acquired a new stake in shares of CoStar Group during the 4th quarter valued at about $129,000. First Manhattan Co. acquired a new stake in shares of CoStar Group during the 3rd quarter valued at about $187,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of CoStar Group during the 2nd quarter valued at about $188,000. Institutional investors own 98.85% of the company’s stock.

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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.

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