Costco Wholesale Corp. Stock Rating Reaffirmed by Jefferies Group (COST)
Costco Wholesale Corp. (NASDAQ:COST)‘s stock had its “hold” rating restated by Jefferies Group in a research note issued on Friday, AmericanBankingNews.com reports. They currently have a $103.00 target price on the stock. Jefferies Group’s price target indicates a potential downside of 11.13% from the company’s current price.
Costco Wholesale Corp. (NASDAQ:COST) traded up 0.17% on Friday, hitting $115.90. 1,563,043 shares of the company’s stock traded hands. 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 $115.0 and its 200-day moving average is $112.3. The company has a market cap of $50.612 billion and a P/E ratio of 25.03.
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 last 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.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated a “hold” rating on shares of Costco Wholesale Corp. in a research note to investors on Thursday. They now have a $120.00 price target on the stock. Separately, 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. Finally, 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. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $117.90.
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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