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 is currently trading at $79.99, above its previous 52-week high of $79.97 with 12,701 shares traded as of 10:39 a.m. ET. Average volume has been 212,300 shares over the past 30 days.

CoStar Group has a market cap of $1.99 billion and is part of the services sector and diversified services industry. Shares are up 15.6% year to date as of the close of trading on Tuesday.

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 128.6, above the average diversified services industry P/E ratio of 124.5 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, solid stock price performance and increase in net income. 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.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Dow Tumbles as Trump Calls Off North Korea Summit

Dow Tumbles as Trump Calls Off North Korea Summit

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Stocks Could Easily Crater Into Memorial Day Weekend

Stocks Could Easily Crater Into Memorial Day Weekend

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Celgene Shares Rise on Plans to Increase Stock Buybacks

Celgene Shares Rise on Plans to Increase Stock Buybacks