Somewhat Favorable News Coverage Somewhat Unlikely to Impact CoStar Group (CSGP) Share Price

Media headlines about CoStar Group (NASDAQ:CSGP) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CoStar Group earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.1259542749104 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

A number of research firms have recently issued reports on CSGP. SunTrust Banks reissued a “buy” rating and set a $310.00 price objective on shares of CoStar Group in a research report on Wednesday, September 13th. Bank of America reissued a “buy” rating and set a $306.00 price objective on shares of CoStar Group in a research report on Thursday, October 5th. Goldman Sachs Group began coverage on shares of CoStar Group in a research report on Wednesday, November 8th. They set a “buy” rating and a $359.00 price objective on the stock. Zacks Investment Research cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, BidaskClub cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $332.75.

CoStar Group (CSGP) traded down $6.24 on Monday, hitting $295.77. 186,332 shares of the company were exchanged, compared to its average volume of 196,610. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15. CoStar Group has a 12 month low of $183.20 and a 12 month high of $314.73. The firm has a market cap of $10,916.30, a price-to-earnings ratio of 75.69, a PEG ratio of 4.52 and a beta of 1.55.

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

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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.

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