Costco Wholesale Corp. Stock Rating Reaffirmed by Stifel Nicolaus (COST)
Costco Wholesale Corp. (NASDAQ:COST)‘s stock had its “buy” rating restated by analysts at Stifel Nicolaus in a research report issued to clients and investors on Tuesday, American Banking & Market News reports. They currently have a $130.00 target price on the stock. Stifel Nicolaus’ target price points to a potential upside of 13.04% from the company’s current price.
Shares of Costco Wholesale Corp. (NASDAQ:COST) traded down 0.15% on Tuesday, hitting $115.00. 1,454,630 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’s 50-day moving average is $114. and its 200-day moving average is $111.7. The company has a market cap of $50.219 billion and a price-to-earnings ratio of 24.91.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of Costco Wholesale Corp. (NASDAQ:COST) in a research note to investors on Tuesday. They now have a $124.00 price target on the stock. Separately, 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. Finally, 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. Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $117.39.
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.
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