Costco Wholesale Corp. Stock Rating Reaffirmed by Barclays Capital (COST)
Costco Wholesale Corp. (NASDAQ:COST)‘s stock had its “hold” rating reaffirmed by Barclays Capital in a research note issued on Thursday, Stock Ratings News reports. They currently have a $120.00 target price on the stock. Barclays Capital’s price target indicates a potential upside of 3.72% from the company’s current price.
COST has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Costco Wholesale Corp. in a research note to investors on Thursday. They now have a $114.00 price target on the stock. Separately, 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. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $118.05.
Costco Wholesale Corp. (NASDAQ:COST) traded up 0.97% on Thursday, hitting $115.70. The stock had a trading volume of 2,388,285 shares. Costco Wholesale Corp. has a 52 week low of $93.51 and a 52 week high of $120.20. The stock’s 50-day moving average is $114.9 and its 200-day moving average is $112.3. The company has a market cap of $50.524 billion and a price-to-earnings ratio of 24.79.
Costco Wholesale Corp. (NASDAQ:COST) last issued its quarterly earnings data 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. Analysts expect that Costco Wholesale Corp. will post $5.02 EPS 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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