Costco Wholesale Corp. Given Hold Rating at Citigroup Inc. (COST)
Costco Wholesale Corp. (NASDAQ:COST)‘s stock had its “hold” rating restated by stock analysts at Citigroup Inc. in a report issued on Thursday, AnalystRatings.NET reports. They currently have a $114.00 price target on the stock. Citigroup Inc.’s target price points to a potential downside of 1.47% from the stock’s previous close.
Costco Wholesale Corp. (NASDAQ:COST) traded up 0.97% on Thursday, hitting $115.70. 2,388,285 shares of the company’s stock traded hands. Costco Wholesale Corp. has a one year low of $93.51 and a one year high of $120.20. The stock has a 50-day moving average of $114.9 and a 200-day moving average of $112.3. The company has a market cap of $50.524 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 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.39 earnings per share. On average, analysts predict that Costco Wholesale Corp. will post $5.02 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on COST. Analysts at UBS AG cut their EPS estimates on shares of Costco Wholesale Corp. in a research note on Thursday. They now have a “buy” rating and a $124.00 price target on the stock. Separately, 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. Finally, 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. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $118.05.
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.