During the last three months, 10 analysts shared their evaluations of CoStar Gr CSGP, revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 7 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 4 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $100.2, a high estimate of $110.00, and a low estimate of $89.00. Experiencing a 7.22% decline, the current average is now lower than the previous average price target of $108.00.
Interpreting Analyst Ratings: A Closer Look
A comprehensive examination of how financial experts perceive CoStar Gr is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Alexei Gogolev | JP Morgan | Raises | Overweight | $108.00 | $102.00 |
| Nicholas Jones | JMP Securities | Lowers | Market Outperform | $90.00 | $110.00 |
| Jeffrey Meuler | Baird | Lowers | Outperform | $100.00 | $105.00 |
| Ashish Sabadra | RBC Capital | Lowers | Outperform | $96.00 | $109.00 |
| George Tong | Goldman Sachs | Lowers | Buy | $93.00 | $108.00 |
| Mayank Tandon | Needham | Maintains | Buy | $107.00 | $107.00 |
| Heather Balsky | B of A Securities | Lowers | Buy | $89.00 | $111.00 |
| Ryan Tomasello | Keefe, Bruyette & Woods | Lowers | Outperform | $100.00 | $109.00 |
| Nicholas Jones | JMP Securities | Maintains | Market Outperform | $110.00 | $110.00 |
| Ashish Sabadra | RBC Capital | Maintains | Outperform | $109.00 | $109.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to CoStar Gr. This insight gives a snapshot of 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: Analysts provide insights into price targets, offering estimates for the future value of CoStar Gr's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into CoStar Gr's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on CoStar Gr analyst ratings.
Unveiling the Story Behind CoStar Gr
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.
Breaking Down CoStar Gr's Financial Performance
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: CoStar Gr displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 11.87%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: CoStar Gr's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.83% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): CoStar Gr's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.26%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.21%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.15, CoStar Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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