CoStar Group Stock Hits New 52-Week High (CSGP)

NEW YORK (TheStreet) -- CoStar Group (Nasdaq:CSGP) hit a new 52-week high Wednesday as it traded at $60.11 compared with its previous 52-Week high of $60.10. CoStar Group is changing hands at $60.07 with 17,464 shares traded as of 10:43 a.m. ET. Average volume has been 95,800 shares over the past 30 days. CoStar Group has a market cap of $1.2 billion and is part of the services sector and diversified services industry. Shares are up 2.8% year to date as of the close of trading on Tuesday.

CoStar Group, Inc. provides information/marketing services to the commercial real estate industry in the United States, the United Kingdom, and France. The company has a P/E ratio of 92.5, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates CoStar Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full CoStar Group Ratings Report.

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