Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “buy” rating reaffirmed by equities research analysts at UBS AG in a report released on Friday. They presently have a $190.00 price objective on the retailer’s stock. UBS AG’s price target points to a potential upside of 20.95% from the company’s current price.
A number of other brokerages also recently issued reports on COST. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 price target on shares of Costco Wholesale Corporation in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) downgraded Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and lowered their price target for the company from $197.00 to $176.00 in a report on Friday, June 16th. Cowen and Company reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Costco Wholesale Corporation in a report on Monday, June 19th. Deutsche Bank AG downgraded Costco Wholesale Corporation from a “buy” rating to a “hold” rating and upped their price target for the company from $142.11 to $167.11 in a report on Monday, June 19th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a report on Monday, June 19th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Costco Wholesale Corporation presently has a consensus rating of “Buy” and an average target price of $178.39.
Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 157.09 on Friday. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The stock has a market capitalization of $68.68 billion, a PE ratio of 25.84 and a beta of 0.94. The company’s 50 day moving average is $159.96 and its 200-day moving average is $164.83. Costco Wholesale Corporation also was the target of unusually large options trading on Thursday. Investors bought 21,435 call options on the company. This is an increase of 266% compared to the typical volume of 5,855 call options.
Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 earnings per share. On average, equities analysts predict that Costco Wholesale Corporation will post $6.43 earnings per share for the current year.
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