Costco Wholesale Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:COST)
Shares of Costco Wholesale (NASDAQ:COST) have earned an average rating of “Buy” from the fifteen brokerages that are currently covering the stock, AR Network reports. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $126.67.
Costco Wholesale (NASDAQ:COST) traded up 0.15% during mid-day trading on Tuesday, hitting $116.50. The stock had a trading volume of 250,285 shares. Costco Wholesale has a 52 week low of $109.50 and a 52 week high of $126.12. The stock’s 50-day moving average is $115.7 and its 200-day moving average is $114.8. The company has a market cap of $51.061 billion and a P/E ratio of 26.03.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.07 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts predict that Costco Wholesale will post $4.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 25th. Shareholders of record on Friday, July 11th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, July 9th.
COST has been the subject of a number of recent research reports. Analysts at Morgan Stanley initiated coverage on shares of Costco Wholesale in a research note on Tuesday, June 24th. They set an “overweight” rating and a $134.00 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale in a research note on Wednesday, June 4th. They now have a $121.00 price target on the stock.
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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