Price Target Update on Costco Wholesale Corporation (NASDAQ:COST)

Costco Wholesale Corporation (NASDAQ:COST) : Currently there are 14 street experts covering Costco Wholesale Corporation (NASDAQ:COST) stock. The most bullish and bearish price target for the stock is $195 and $135 respectively for the short term. The average price target of all the analysts comes to $171.43. The estimated standard deviation from the target is $13.5.

Other Equity analysts have also commented on the company shares. Goldman Sachs upgrades their rating on the shares of Costco Wholesale Corporation (NASDAQ:COST). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm raises the price target to $175 per share from $169 per share. The rating by the firm was issued on June 1, 2016.

Costco Wholesale Corporation (NASDAQ:COST): On Thursdays trading session , Opening price of the stock was $158.6 with an intraday high of $158.79. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $156.34. However, the stock managed to close at $157.03, a loss of 0.69% for the day. On the previous day, the stock had closed at $158.12. The total traded volume of the day was 2,912,400 shares.

The company shares have rallied 15.04% from its 1 Year high price. On Dec 8, 2015, the shares registered one year high at $169.73 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $149.94 and the 200 Day Moving Average price is recorded at $152.67. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mckay John D, officer (Executive Vice President) of Costco Wholesale Corp /New, had unloaded 4,455 shares at an average price of $159 in a transaction dated on March 31, 2016. The total value of the transaction was worth $708,345.

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 144,000 square feet. The Companys warehouses generally operate on a seven-day, 69-hour week. The Companys product categories include Food, Sundries, Hardlines, Fresh Food, Softlines, Ancillary and Other. The Companys online business provides products, which include services, such as photo processing, pharmacy, travel, business delivery, and membership services.

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