Costco Wholesale Given Neutral Rating at Zacks (COST)
Costco Wholesale (NASDAQ:COST)‘s stock had its “neutral” rating restated by Zacks in a report issued on Wednesday. They currently have a $121.00 target price on the stock. Zacks‘s price objective would suggest a potential upside of 4.75% from the stock’s previous close.
Costco Wholesale (NASDAQ:COST) traded up 0.66% on Wednesday, hitting $116.27. The stock had a trading volume of 886,959 shares. Costco Wholesale has a one year low of $107.38 and a one year high of $126.12. The stock has a 50-day moving average of $114.7 and a 200-day moving average of $115.7. The company has a market cap of $51.094 billion and a price-to-earnings ratio of 25.85.
Costco Wholesale (NASDAQ:COST) last released its earnings data on Thursday, May 29th. The company reported $1.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.09 by $0.02. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.70 billion. During the same quarter last year, the company posted $1.04 earnings per share. Costco Wholesale’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that Costco Wholesale will post $4.60 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Ameriprise Financial initiated coverage on shares of Costco Wholesale in a research note on Tuesday, April 1st. They set a “buy” rating on the stock. Separately, analysts at Jefferies Group cut their EPS estimates on shares of Costco Wholesale in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Costco Wholesale to $104.00 in a research note on Friday, March 7th. They now have a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Costco Wholesale presently has an average rating of “Buy” and an average price target of $125.46.
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.
To view Zacks’ full report, visit Zacks’ official website.
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