Costco Wholesale Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:COST)
Shares of Costco Wholesale (NASDAQ:COST) have earned a consensus recommendation of “Buy” from the twenty-five ratings firms that are covering the stock, Analyst Ratings Network.com reports. Twelve research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $122.15.
COST has been the subject of a number of recent research reports. Analysts at Nomura initiated coverage on shares of Costco Wholesale in a research note on Wednesday, February 12th. They set a “buy” rating and a $125.00 price target on the stock. Separately, analysts at Prime Executions initiated coverage on shares of Costco Wholesale in a research note on Tuesday, February 11th. They set a “buy” rating and a $130.00 price target on the stock. Finally, analysts at Jefferies Group cut their EPS estimates on shares of Costco Wholesale in a research note on Wednesday. They now have a “hold” rating and a $105.00 price target on the stock.
Shares of Costco Wholesale (NASDAQ:COST) traded up 0.98% on Wednesday, hitting $116.59. The stock had a trading volume of 275,373 shares. Costco Wholesale has a 52-week low of $98.95 and a 52-week high of $126.12. The stock’s 50-day moving average is $114.3 and its 200-day moving average is $116.9. The company has a market cap of $51.267 billion and a price-to-earnings ratio of 24.89.
Costco Wholesale (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’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that Costco Wholesale will post $4.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, February 12th.
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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