Citigroup Inc. Increases Costco Wholesale Price Target to $114.00 (COST)
Analysts at Citigroup Inc. upped their price objective on shares of Costco Wholesale (NYSE:COST) from $113.00 to $114.00 in a research report issued to clients and investors on Thursday, Analyst Ratings Net reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s target price suggests a potential downside of 1.47% from the stock’s previous close.
Costco Wholesale (NYSE:COST) traded up 0.97% on Thursday, hitting $115.70. 2,388,285 shares of the company’s stock traded hands. Costco Wholesale has a 52 week low of $93.51 and a 52 week high of $120.20. The stock’s 50-day moving average is $114.8 and its 200-day moving average is $112.2. The company has a market cap of $50.524 billion and a P/E ratio of 24.79.
A number of other analysts have also recently weighed in on COST. Analysts at Deutsche Bank raised their price target on shares of Costco Wholesale from $120.00 to $121.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Costco Wholesale from $110.00 to $120.00 in a research note to investors on Tuesday, October 1st. They now have an “equal weight” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Costco Wholesale from $101.00 to $109.00 in a research note to investors on Tuesday, August 6th. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $117.23.
Costco Wholesale Corporation (NYSE:COST), with its subsidiaries operates membership warehouses that offer its members low prices on a limited selection of branded and selected private-label products in a range of merchandise categories.
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