Costco Wholesale PT Raised to $105.00 at Guggenheim (COST)
Guggenheim hoisted their price objective on shares of Costco Wholesale (NYSE:COST) from $98.00 to $105.00 in a research note issued on Thursday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Guggenheim’s price target points to a potential downside of 9.25% from the stock’s previous close.
Costco Wholesale (NYSE:COST) traded up 0.97% during mid-day trading on Thursday, hitting $115.70. The stock had a trading volume of 2,388,285 shares. Costco Wholesale 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 $114.8 and a 200-day moving average of $112.2. The company has a market cap of $50.524 billion and a P/E ratio of 24.79.
COST has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. raised their price target on shares of Costco Wholesale from $113.00 to $114.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently 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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