Costco Wholesale Corp. Earnings Estimates Cut at UBS AG (COST)
UBS AG dropped their EPS estimates on shares of Costco Wholesale Corp. (NASDAQ:COST) in a research note issued on Thursday, American Banking and Market News reports. The firm currently has a “buy” rating and a $124.00 price target on the company’s shares. UBS AG’s price target would indicate a potential upside of 8.21% from the stock’s previous close.
A number of other analysts have also recently weighed in on COST. Analysts at Jefferies Group reiterated a “hold” rating on shares of Costco Wholesale Corp. in a research note to investors on Thursday, October 3rd. They now have a $109.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research note to investors on Thursday, October 3rd. They now have a $121.00 price target on the stock, up previously from $120.00. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research note to investors on Tuesday, October 1st. They now have a $130.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $118.00.
Costco Wholesale Corp. (NASDAQ:COST) traded up 0.64% during mid-day trading on Thursday, hitting $115.32. The stock had a trading volume of 1,181,559 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 $114.8 and a 200-day moving average of $112.2. The company has a market cap of $50.358 billion and a P/E ratio of 24.79.
Costco Wholesale Corp. (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $1.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.46 by $0.06. The company had revenue of $31.77 billion for the quarter, compared to the consensus estimate of $32.83 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. On average, analysts predict that Costco Wholesale Corp. will post $4.56 earnings per share for the current fiscal year.
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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