Costco Wholesale (NASDAQ:COST – Get Free Report) had its price objective boosted by analysts at Loop Capital from $615.00 to $630.00 in a note issued to investors on Thursday, FlyOnTheWall reports. Loop Capital’s price target indicates a potential upside of 10.18% from the stock’s previous close.
Several other research analysts have also commented on COST. HSBC assumed coverage on Costco Wholesale in a research report on Friday, September 22nd. They set a “hold” rating and a $600.00 price target on the stock. Oppenheimer lifted their price objective on shares of Costco Wholesale from $575.00 to $630.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. DA Davidson raised their price target on Costco Wholesale from $478.00 to $570.00 and gave the stock a “neutral” rating in a report on Wednesday, September 27th. BMO Capital Markets boosted their price objective on shares of Costco Wholesale from $600.00 to $612.00 and gave the company an “outperform” rating in a research note on Wednesday, September 27th. Finally, Robert W. Baird boosted their price target on shares of Costco Wholesale from $535.00 to $550.00 in a research note on Friday, July 7th. Seven investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $584.50.
Get Our Latest Report on Costco Wholesale
Costco Wholesale Stock Performance
NASDAQ:COST opened at $571.80 on Thursday. The stock has a market capitalization of $253.36 billion, a P/E ratio of 40.38, a PEG ratio of 4.07 and a beta of 0.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 1.07. Costco Wholesale has a fifty-two week low of $447.90 and a fifty-two week high of $576.19. The company has a 50 day moving average price of $554.63 and a 200 day moving average price of $527.03.
Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its quarterly earnings data on Tuesday, September 26th. The retailer reported $4.86 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $0.07. Costco Wholesale had a return on equity of 28.10% and a net margin of 2.60%. The business had revenue of $78.94 billion during the quarter, compared to analysts’ expectations of $77.72 billion. During the same period in the previous year, the firm posted $4.20 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Equities research analysts forecast that Costco Wholesale will post 15.69 EPS for the current year.
Institutional Trading of Costco Wholesale
A number of hedge funds have recently bought and sold shares of the company. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $26,000. Impact Partnership Wealth LLC acquired a new stake in shares of Costco Wholesale in the second quarter worth approximately $37,000. Horizon Bancorp Inc. IN purchased a new stake in Costco Wholesale in the second quarter valued at approximately $38,000. Agur Provident & Training Funds Management Ltd. acquired a new position in Costco Wholesale during the first quarter worth approximately $42,000. Finally, 25 LLC purchased a new position in shares of Costco Wholesale in the 1st quarter worth $44,000. Institutional investors and hedge funds own 66.31% of the company’s stock.
Costco Wholesale Company Profile
(Get Free Report)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Costco Wholesale, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Costco Wholesale wasn’t on the list.
While Costco Wholesale currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.
Get This Free Report
Source link
credite