Costco Wholesale Corp. Stock Rating Reaffirmed by Goldman Sachs Group Inc. (COST)
Costco Wholesale Corp. (NASDAQ:COST)‘s stock had its “hold” rating restated by Goldman Sachs Group Inc. in a research note issued on Tuesday, ARN reports. They currently have a $124.00 target price on the stock. Goldman Sachs Group Inc.’s price target suggests a potential upside of 7.67% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of Costco Wholesale Corp. (NASDAQ:COST) from $110.00 to $120.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale Corp. (NASDAQ:COST) in a research note to investors on Thursday, September 12th. They now have a $125.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Costco Wholesale Corp. (NASDAQ:COST) from $107.00 to $130.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $117.39.
Shares of Costco Wholesale Corp. (NASDAQ:COST) traded down 0.23% during mid-day trading on Tuesday, hitting $114.91. 731,774 shares of the company’s stock traded hands. Costco Wholesale Corp. has a 1-year low of $93.51 and a 1-year high of $120.20. The stock has a 50-day moving average of $114. and a 200-day moving average of $111.7. The company has a market cap of $50.179 billion and a price-to-earnings ratio of 24.91.
Costco Wholesale Corporation (NASDAQ:COST) with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.