Costco Wholesale Corp. Downgraded by Northcoast Research to “Neutral” (COST)
Costco Wholesale Corp. (NASDAQ:COST) was downgraded by stock analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on COST. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale Corp. in a research note to investors on Thursday, December 12th. They now have a $124.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Costco Wholesale Corp. from $125.00 to $130.00 in a research note to investors on Thursday, December 12th. They now have a “buy” rating 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 Friday, November 15th. They now have a $132.00 price target on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. Costco Wholesale Corp. currently has a consensus rating of “Hold” and an average price target of $121.56.
Costco Wholesale Corp. (NASDAQ:COST) traded down 1.06% on Tuesday, hitting $115.06. 1,049,314 shares of the company’s stock traded hands. Costco Wholesale Corp. has a one year low of $98.95 and a one year high of $126.12. The stock has a 50-day moving average of $118.6 and a 200-day moving average of $117.4. The company has a market cap of $50.594 billion and a P/E ratio of 25.07.
Costco Wholesale Corp. (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.96 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.03 by $0.07. The company had revenue of $24.47 billion for the quarter, compared to the consensus estimate of $25.41 billion. During the same quarter last year, the company posted $0.95 earnings per share. Costco Wholesale Corp.’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Costco Wholesale Corp. will post $4.86 earnings per share for the current fiscal year.
In other Costco Wholesale Corp. news, Director James Sinegal sold 4,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $116.07, for a total value of $464,280.00. Following the completion of the sale, the director now directly owns 908,048 shares of the company’s stock, valued at approximately $105,397,131. The sale was disclosed in a filing with the SEC, which is available at this link.
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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