Costco Wholesale Corp. Receives Hold Rating from Jefferies Group (COST)
Costco Wholesale Corp. (NASDAQ:COST)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group in a research note issued to investors on Thursday, Stock Ratings Network reports. They currently have a $109.00 price target on the stock. Jefferies Group’s target price would suggest a potential downside of 4.74% from the company’s current price.
COST has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Costco Wholesale Corp. (NASDAQ:COST) in a research note to investors on Thursday. They now have a $121.00 price target on the stock, up previously from $120.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Costco Wholesale Corp. (NASDAQ:COST) in a research note to investors on Tuesday. They now have a $130.00 price target on the stock. Finally, 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. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $117.78.
Shares of Costco Wholesale Corp. (NASDAQ:COST) traded down 0.35% during mid-day trading on Thursday, hitting $114.42. The stock had a trading volume of 1,608,037 shares. Costco Wholesale Corp. has a 52 week low of $93.51 and a 52 week high of $120.20. The stock has a 50-day moving average of $114.7 and a 200-day moving average of $111.9. The company has a market cap of $49.965 billion and a P/E ratio of 24.84.
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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