CoStar Group Inc (CSGP) Receives Consensus Rating of “Buy” from Brokerages

Shares of CoStar Group Inc (NASDAQ:CSGP) have earned an average rating of “Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $365.00.

Several equities research analysts recently commented on the stock. SunTrust Banks boosted their price objective on shares of CoStar Group to $410.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Citigroup reissued a “buy” rating and set a $425.00 price objective (up previously from $320.00) on shares of CoStar Group in a research note on Tuesday, January 23rd. BidaskClub raised shares of CoStar Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Thursday, February 8th. Finally, Wells Fargo & Co set a $400.00 price objective on shares of CoStar Group and gave the stock a “buy” rating in a research note on Thursday, January 18th.

Shares of CoStar Group (NASDAQ:CSGP) opened at $334.06 on Tuesday. The firm has a market cap of $11,855.36, a PE ratio of 100.92, a PEG ratio of 3.57 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. CoStar Group has a 52 week low of $197.18 and a 52 week high of $355.80.

Large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new stake in CoStar Group during the second quarter worth about $188,000. Pacer Advisors Inc. raised its holdings in CoStar Group by 13.2% in the third quarter. Pacer Advisors Inc. now owns 6,049 shares of the technology company’s stock worth $1,623,000 after buying an additional 706 shares during the last quarter. American Capital Management Inc. raised its holdings in CoStar Group by 2.3% in the third quarter. American Capital Management Inc. now owns 49,681 shares of the technology company’s stock worth $13,327,000 after buying an additional 1,110 shares during the last quarter. Andra AP fonden raised its holdings in CoStar Group by 92.6% in the third quarter. Andra AP fonden now owns 5,200 shares of the technology company’s stock worth $1,395,000 after buying an additional 2,500 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in CoStar Group in the third quarter worth about $274,000. 98.55% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “CoStar Group Inc (CSGP) Receives Consensus Rating of “Buy” from Brokerages” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2018/02/13/costar-group-inc-csgp-receives-consensus-rating-of-buy-from-brokerages.html.

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.

Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply