Costco Wholesale Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:COST)
Shares of Costco Wholesale (NASDAQ:COST) have earned an average recommendation of “Buy” from the fifteen analysts that are currently covering the stock, AnalystRatings.NET reports. Six investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $126.67.
Shares of Costco Wholesale (NASDAQ:COST) opened at 118.01 on Tuesday. 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 $116.0 and its 200-day moving average is $114.8. The company has a market cap of $51.723 billion and a price-to-earnings ratio of 26.43. Costco Wholesale also was the target of unusually large options trading activity on Wednesday. Stock investors bought 3,512 put options on the company. This is an increase of 104% compared to the typical daily volume of 1,719 put options.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results 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. Analysts expect that Costco Wholesale will post $4.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 25th. Investors of record on Friday, July 11th will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, July 9th.
Several analysts have recently commented on the stock. 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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