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

NEW YORK ( TheStreet) -- CoStar Group (Nasdaq: CSGP) hit a new 52-week high Thursday as it is currently trading at $64.35, above its previous 52-week high of $64.06 with 759,234 shares traded as of 11:51 a.m. ET. Average volume has been 96,300 shares over the past 30 days.

CoStar Group has a market cap of $1.3 billion and is part of the services sector and diversified services industry. Shares are up 6.6% year to date as of the close of trading on Wednesday.

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 94.1, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 16.9.
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TheStreet Ratings rates CoStar Group as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations, revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full CoStar Group Ratings Report.

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