Costco Wholesale Given Average Rating of “Buy” by Brokerages (NASDAQ:COST)
Costco Wholesale (NASDAQ:COST) has been given a consensus recommendation of “Buy” by the fourteen ratings firms that are covering the stock, American Banking News reports. Four equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $159.27.
In other Costco Wholesale news, VP Timothy L. Rose sold 5,439 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $121.50, for a total value of $660,838.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
Costco Wholesale (NASDAQ:COST) opened at 121.29 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 $118.4 and its 200-day moving average is $115.. The company has a market cap of $53.161 billion and a P/E ratio of 27.22.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter 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.
Several analysts have recently commented on the stock. Analysts at S&P Equity Research raised their price target on shares of Costco Wholesale from $459.00 to $473.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of Costco Wholesale from a “neutral” rating to a “conviction-buy” rating in a research note on Tuesday, July 29th. They now have a $136.00 price target on the stock. Finally, 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.