Short Term Price Target on Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (NASDAQ:COST) : The highest short term price target forecast on Costco Wholesale Corporation (NASDAQ: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.

Shares of Costco Wholesale Corporation rose by 0.01% in the last five trading days and 2.96% for the last 4 weeks. Costco Wholesale Corporation has dropped 0.47% during the last 3-month period . Year-to-Date the stock performance stands at -2.21%. Also, Equity analysts at the Brokerage firm Goldman Sachs upgrades its rating on Costco Wholesale Corporation (NASDAQ:COST). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Goldman Sachs raises the price target from $169 per share to $175 per share. The rating by the firm was issued on June 1, 2016.

Costco Wholesale Corporation (NASDAQ:COST) has an average broker rating of 1.68, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Costco Wholesale Corporation (NASDAQ:COST): The stock opened at $156.96 on Thursday but the bulls could not build on the opening and the stock topped out at $157.82 for the day. The stock traded down to $155.50 during the day, due to lack of any buying support eventually closed down at $157.04 with a loss of -0.03% for the day. The stock had closed at $157.08 on the previous day. The total traded volume was 3,091,123 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Costco Wholesale Corp /New, Mckay John D had sold 4,455 shares worth of $708,345 in a transaction dated March 31, 2016. In this transaction, 4,455 shares were sold at $159 per share.

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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