Costco Wholesale Corporation (COST) is Upgraded by Goldman to Buy, Raises Price Target to $ 175

Costco Wholesale Corporation (COST) was Upgraded by Goldman to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 175 from a previous price target of $169 . Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on Costco Wholesale Corporation. Company shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 173 from a previous price target of $169 .RBC Capital Mkts Initiated Costco Wholesale Corporation on May 3, 2016 to “Outperform”, Price Target of the shares are set at $169.Costco Wholesale Corporation was Resumed by Barclays to “Equal Weight” on Mar 31, 2016.

On the company’s financial health, Costco Wholesale Corporation reported $1.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Dec 8, 2015. Analyst had a consensus of $1.17. The company had revenue of $27200.00 million for the quarter, compared to analysts expectations of $27729.79 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Costco Wholesale Corporation closed down -0.63 points or -0.42% at $149.08 with 33,49,772 shares getting traded on Friday. Post opening the session at $150.24, the shares hit an intraday low of $148.11 and an intraday high of $150.77 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 28, 2016, Timothy L. Rose (Executive VP) sold 1,777 shares at $151.25 per share price. According to the SEC, on Mar 21, 2016, Franz E Lazarus (Executive VP) sold 20,000 shares at $153.43 per share price. On Mar 17, 2016, James P. Murphy (Executive VP) sold 15,000 shares at $154.45 per share price, according to the Form-4 filing with the securities and exchange commission.

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico Canada United Kingdom (U.K.) Mexico Japan Australia Spain and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144000 square feet. The Company’s warehouses generally operate on a seven-day 69-hour week. The Company’s product categories include Food Sundries Hardlines Fresh Food Softlines Ancillary and Other. The Company’s online business provides products which include services such as photo processing pharmacy travel business delivery and membership services.

Costco Wholesale Corporation

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