Wells Fargo Sticks to Its Buy Rating for CoStar Group (CSGP)

In a report released yesterday, William Warmington from Wells Fargo maintained a Buy rating on CoStar Group (CSGP). The company’s shares closed last Monday at $597.15, close to its 52-week high of $639.41.

Warmington has an average return of 21.6% when recommending CoStar Group.

According to TipRanks.com, Warmington is ranked #978 out of 5547 analysts.

Currently, the analyst consensus on CoStar Group is a Strong Buy with an average price target of $648.17.

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CoStar Group’s market cap is currently $21.68B and has a P/E ratio of 75.07. The company has a Price to Book ratio of 6.83.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSGP in relation to earlier this year.

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CoStar Group, Inc. is engaged in the provision of information, analytics, and marketing services to the commercial real estate industry. Its integrated suite of online service offerings includes information about space available for lease, comparable sales information, tenant information, information about properties for sale, internet marketing services, analytical capabilities, information for client’s websites, information about industry professionals and their business relationships, data integration, and industry news. It operates through the North America and International segments. The North America segment comprises of U.S. and Canada. The International segment includes of the United Kingdom, Spain, Germany, and France. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.