Somewhat Positive Press Coverage Somewhat Unlikely to Affect CoStar Group (CSGP) Share Price
News stories about CoStar Group (NASDAQ:CSGP) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CoStar Group earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.4235111880526 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- CoStar Group (CSGP) Price Target Raised to $350.00 at Needham & Company LLC (americanbankingnews.com)
- What You Must Know About CoStar Group Inc’s (NASDAQ:CSGP) 6.39% ROE (finance.yahoo.com)
- CoStar Group, Inc. breached its 50 day moving average in a Bullish Manner : CSGP-US : December 18, 2017 (finance.yahoo.com)
- CoStar Group (CSGP) Stock Rating Lowered by J P Morgan Chase & Co (americanbankingnews.com)
- BidaskClub Lowers CoStar Group (CSGP) to Sell (americanbankingnews.com)
Shares of CoStar Group (NASDAQ:CSGP) traded down $1.94 during trading hours on Wednesday, reaching $296.92. 102,456 shares of the company’s stock were exchanged, compared to its average volume of 202,642. CoStar Group has a 12-month low of $184.86 and a 12-month high of $314.73. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.15. The company has a market cap of $10,744.25, a price-to-earnings ratio of 74.50, a P/E/G ratio of 4.45 and a beta of 1.55.
A number of brokerages have commented on CSGP. BidaskClub raised shares of CoStar Group from a “sell” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC increased their price objective on shares of CoStar Group to $350.00 and gave the stock a “buy” rating in a report on Tuesday. J P Morgan Chase & Co lowered shares of CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 price objective on the stock. in a report on Tuesday, December 12th. Goldman Sachs Group began coverage on shares of CoStar Group in a report on Wednesday, November 8th. They set a “buy” rating and a $359.00 price objective on the stock. Finally, Zacks Investment Research raised shares of CoStar Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $334.67.
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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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