CoStar Group Inc (CSGP) Given Consensus Rating of “Buy” by Analysts

CoStar Group Inc (NASDAQ:CSGP) has earned a consensus rating of “Buy” from the eleven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $336.88.

A number of equities research analysts have recently weighed in on CSGP shares. SunTrust Banks reiterated a “buy” rating and issued a $335.00 price objective on shares of CoStar Group in a research report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and issued a $325.00 price objective on shares of CoStar Group in a research report on Friday, October 27th. B. Riley reiterated a “buy” rating and issued a $350.00 price objective (up from $335.00) on shares of CoStar Group in a research report on Thursday, October 26th. Bank of America reiterated a “buy” rating and issued a $306.00 price objective on shares of CoStar Group in a research report on Thursday, October 5th. Finally, Goldman Sachs Group initiated coverage on CoStar Group in a research report on Wednesday, November 8th. They issued a “buy” rating and a $359.00 price objective on the stock.

CoStar Group (NASDAQ CSGP) opened at $299.79 on Monday. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15. CoStar Group has a 1 year low of $184.86 and a 1 year high of $314.73. The stock has a market capitalization of $10,840.00, a P/E ratio of 90.57, a P/E/G ratio of 4.47 and a beta of 1.55.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.28. The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. CoStar Group’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.11 EPS. analysts predict that CoStar Group will post 3.99 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSGP. Janus Henderson Group PLC boosted its position in shares of CoStar Group by 2,015.2% during the second quarter. Janus Henderson Group PLC now owns 2,617,006 shares of the technology company’s stock valued at $689,842,000 after purchasing an additional 2,493,281 shares in the last quarter. JPMorgan Chase & Co. raised its stake in CoStar Group by 1,019.7% during the third quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock valued at $186,210,000 after buying an additional 637,278 shares during the last quarter. Citadel Advisors LLC raised its stake in CoStar Group by 947.8% during the third quarter. Citadel Advisors LLC now owns 146,123 shares of the technology company’s stock valued at $39,198,000 after buying an additional 132,177 shares during the last quarter. Balyasny Asset Management LLC raised its stake in CoStar Group by 773.1% during the second quarter. Balyasny Asset Management LLC now owns 108,342 shares of the technology company’s stock valued at $28,559,000 after buying an additional 95,933 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in CoStar Group by 2,599.7% during the third quarter. First Trust Advisors LP now owns 89,118 shares of the technology company’s stock valued at $23,906,000 after buying an additional 85,817 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

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CoStar Group Company Profile

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)

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