Costco Wholesale Corporation (COST) Rating Reiterated by UBS AG

 In Business

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.

COPYRIGHT VIOLATION WARNING: This story was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.truebluetribune.com/2017/10/08/costco-wholesale-corporation-cost-rating-reiterated-by-ubs-ag.html.

Recent Posts
Get Breaking News Delivered to Your Inbox
Join over 2.3 million subscribers. Get daily breaking news directly to your inbox as they happen.
Your Information will never be shared with any third party.
Get Latest News in Facebook
Never miss another breaking news. Click on the "LIKE" button below now!