CoStar Gr CSGP underwent analysis by 13 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 7 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 3 | 0 | 0 | 0 |
| 2M Ago | 2 | 2 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated CoStar Gr and provided 12-month price targets. The average target is $98.54, accompanied by a high estimate of $111.00 and a low estimate of $79.00. This upward trend is evident, with the current average reflecting a 5.03% increase from the previous average price target of $93.82.
Decoding Analyst Ratings: A Detailed Look
The perception of CoStar Gr by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ryan Tomasello | Keefe, Bruyette & Woods | Raises | Outperform | $109.00 | $96.00 |
| Ashish Sabadra | RBC Capital | Raises | Outperform | $109.00 | $95.00 |
| George Tong | Goldman Sachs | Raises | Buy | $107.00 | $96.00 |
| George Tong | Goldman Sachs | Raises | Buy | $107.00 | $96.00 |
| Jeffrey Meuler | Baird | Raises | Outperform | $105.00 | $90.00 |
| Heather Balsky | B of A Securities | Raises | Buy | $111.00 | $97.00 |
| Nicholas Jones | JMP Securities | Raises | Outperform | $110.00 | $85.00 |
| Jeffrey Silber | BMO Capital | Lowers | Market Perform | $79.00 | $84.00 |
| Nicholas Jones | JMP Securities | Lowers | Market Outperform | $85.00 | $90.00 |
| George Tong | Goldman Sachs | Lowers | Buy | $84.00 | $98.00 |
| Ashish Sabadra | RBC Capital | Maintains | Outperform | $95.00 | - |
| Mayank Tandon | Needham | Lowers | Buy | $90.00 | $105.00 |
| Nicholas Jones | JMP Securities | Maintains | Market Outperform | $90.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to CoStar Gr. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of CoStar Gr compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for CoStar Gr's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of CoStar Gr's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on CoStar Gr analyst ratings.
Discovering CoStar Gr: A Closer Look
CoStar Group is a leading provider of commercial real estate data and marketplace listing platforms. Its data offering contains in-depth analytical information on over 5 million commercial real estate properties related to various subsectors including office, retail, hotels, multifamily, healthcare, industrial, self-storage, and data centers. It operates many flagship brands such as CoStar Suite, LoopNet, Apartments.com, BizBuySell, and Lands of America, with more than 80% of its revenue classified as subscription-based. The company recently expanded its presence in Canada, the United Kingdom, Spain, and France.
CoStar Gr: Financial Performance Dissected
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: CoStar Gr displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 11.64%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Net Margin: CoStar Gr's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 15.07% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.33%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.09%, the company showcases effective utilization of assets.
Debt Management: CoStar Gr's debt-to-equity ratio is below the industry average at 0.15, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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