Costco Wholesale Lifted to “Buy” at Northcoast Research (COST)
Costco Wholesale (NASDAQ:COST) was upgraded by research analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
In other Costco Wholesale news, VP Timothy L. Rose sold 5,439 shares of Costco Wholesale 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 transaction of $660,838.50. The sale was disclosed in a filing with the SEC, which is available at this link.
Costco Wholesale (NASDAQ:COST) opened at 121.56 on Wednesday. Costco Wholesale has a one year low of $109.50 and a one year high of $126.12. The stock has a 50-day moving average of $119.0 and a 200-day moving average of $115.8. The company has a market cap of $53.279 billion and a price-to-earnings ratio of 27.21.
A number of other firms have also recently commented on COST. 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. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $159.27.
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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