CoStar Group, Inc. (NASDAQ:CSGP) has a mean price target of $238.71 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $1.22 a share for the very next quarter and $4.11 for this year.
The technical study of CoStar Group, Inc. demonstrates that the 50-day moving average of CoStar Group, Inc. (NASDAQ:CSGP) stock is $208.37, and is trading $2.02 points away or +0.97% from 50-day moving average of $208.37. It is trading $9.34 or +4.64% away 200-day moving average of $201.05.
The 52-week high of CoStar Group, Inc. (NASDAQ:CSGP) was $224.79 while $146.53 is the low mark in the same period. It state CoStar Group, Inc. share price has to surge more than $-14.40 to hit 52-week high or drop +43.58% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of CoStar Group, Inc., investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. CoStar Group, Inc. (NASDAQ:CSGP) ratio came in at 135.56, after dividing current equity price by yearly earnings. CoStar Group, Inc. stock recorded a close of $210.39 in last trading session, registering a market cap of $6.86B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. CoStar Group, Inc. (NASDAQ:CSGP) PEG ratio is at 2.89.
1 Chart Pattern Every Investor Should Know
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