Costco Wholesale Receives Average Recommendation of “Buy” from Analysts (NYSE:COST)
Shares of Costco Wholesale (NYSE:COST) have received a consensus recommendation of “Buy” from the fifteen analysts that are covering the stock, Analyst Ratings Network.com reports. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $121.67.
A number of analysts have recently weighed in on COST shares. 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. Analysts at Jefferies Group cut their price target on shares of Costco Wholesale from $107.00 to $105.00 in a research note on Wednesday, February 5th.
Shares of Costco Wholesale (NYSE:COST) traded up 0.16% during mid-day trading on Thursday, hitting $116.07. 454,948 shares of the company’s stock traded hands. Costco Wholesale has a one year low of $100.26 and a one year 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 $51.039 billion and a price-to-earnings ratio of 24.98.
Costco Wholesale Corporation (NYSE: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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