CoStar Group Inc (CSGP) Given Consensus Recommendation of “Buy” by Analysts
Shares of CoStar Group Inc (NASDAQ:CSGP) have been assigned an average rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $538.25.
CSGP has been the topic of several recent analyst reports. BidaskClub upgraded shares of CoStar Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Wells Fargo & Co boosted their target price on shares of CoStar Group from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. SunTrust Banks boosted their target price on shares of CoStar Group to $460.00 and gave the company a “positive” rating in a report on Wednesday, February 27th. Finally, Bank of America restated a “buy” rating and set a $460.00 target price (up previously from $429.00) on shares of CoStar Group in a report on Wednesday, February 27th.
In other CoStar Group news, insider Andrew C. Florance sold 55,322 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $473.38, for a total value of $26,188,328.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Matthew Linnington sold 4,701 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $477.31, for a total value of $2,243,834.31. The disclosure for this sale can be found here. In the last three months, insiders sold 65,419 shares of company stock valued at $31,001,252. 2.47% of the stock is owned by insiders.
Shares of NASDAQ CSGP traded up $7.03 during mid-day trading on Friday, hitting $510.91. The stock had a trading volume of 9,295 shares, compared to its average volume of 236,790. CoStar Group has a 1 year low of $315.85 and a 1 year high of $511.85. The company has a market cap of $17.85 billion, a price-to-earnings ratio of 69.08, a PEG ratio of 3.24 and a beta of 1.45.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, April 23rd. The technology company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.11. The business had revenue of $328.00 million for the quarter, compared to analysts’ expectations of $327.45 million. CoStar Group had a net margin of 21.76% and a return on equity of 10.09%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 earnings per share. As a group, equities analysts predict that CoStar Group will post 9.01 EPS for the current year.
About CoStar Group
CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.
Featured Article: Rule of 72
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.