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

NEW YORK ( TheStreet) -- CoStar Group (Nasdaq: CSGP) hit a new 52-week high Tuesday as it is currently trading at $73.72, above its previous 52-week high of $73.65 with 16,206 shares traded as of 10:22 a.m. ET. Average volume has been 206,900 shares over the past 30 days.

CoStar Group has a market cap of $1.88 billion and is part of the services sector and diversified services industry. Shares are up 8.9% year to date as of the close of trading on Friday.

CoStar Group, Inc. provides information and analytic services to the commercial real estate industry in the United States, the United Kingdom, and France. The company has a P/E ratio of 121.1, above the average diversified services industry P/E ratio of 117.2 and above the S&P 500 P/E ratio of 17.7.

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, increase in net income 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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