Costco Wholesale Corporation (COST) : 10 brokerage houses believe that Costco Wholesale Corporation (COST) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Costco Wholesale Corporation (COST). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 1.68.
Costco Wholesale Corporation (COST) : The highest short term price target forecast on Costco Wholesale Corporation (COST) is $195 and the lowest target price is $135. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $171.43 with a standard deviation of $13.5.
Costco Wholesale Corporation (NASDAQ:COST): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $155.20 and $154.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $156.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $156.01, notching a gain of 0.49% for the day. The total traded volume was 2,133,816 . The stock had closed at $155.25 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, upgrades their rating on the shares of Costco Wholesale Corporation (NASDAQ:COST). Goldman Sachs has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $175 per share from a prior target of $169. The rating by the firm was issued on June 1, 2016. The company shares have rallied 10.97% 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 $151.99 and the 200 Day Moving Average price is recorded at $152.16.
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.