Costco Wholesale Price Target Cut to $126.00 by Analysts at Sterne Agee (COST)
Stock analysts at Sterne Agee dropped their price target on shares of Costco Wholesale (NYSE:COST) from $130.00 to $126.00 in a report issued on Friday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price target would indicate a potential upside of 8.71% from the stock’s previous close.
COST has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Costco Wholesale from $117.00 to $128.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Costco Wholesale from $109.00 to $103.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of Costco Wholesale from $98.00 to $105.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Costco Wholesale presently has an average rating of “Buy” and an average target price of $117.86.
Shares of Costco Wholesale (NYSE:COST) traded up 0.17% on Friday, hitting $115.90. The stock had a trading volume of 1,563,043 shares. Costco Wholesale has a 1-year low of $93.51 and a 1-year high of $120.20. The stock has a 50-day moving average of $115.0 and a 200-day moving average of $112.3. The company has a market cap of $50.612 billion and a P/E ratio of 25.03.
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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