Costco Wholesale Corporation (COST) Given Buy Rating at Citigroup Inc.

Citigroup Inc. reissued their buy rating on shares of Costco Wholesale Corporation (NASDAQ:COST) in a research report sent to investors on Monday. Citigroup Inc. currently has a $190.00 price target on the retailer’s stock, up from their prior price target of $187.00.

Several other analysts also recently weighed in on COST. BMO Capital Markets restated an outperform rating and set a $195.00 price objective on shares of Costco Wholesale Corporation in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) downgraded Costco Wholesale Corporation from a conviction-buy rating to a neutral rating and dropped their price objective for the stock from $197.00 to $176.00 in a research report on Friday, June 16th. Deutsche Bank AG downgraded Costco Wholesale Corporation from a buy rating to a hold rating and upped their price objective for the stock from $142.11 to $167.11 in a research report on Monday, June 19th. Oppenheimer Holdings, Inc. restated a buy rating on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Finally, Cowen and Company restated an outperform rating and set a $190.00 price objective on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Eleven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $178.50.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 157.78 on Monday. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The stock has a 50 day moving average price of $159.80 and a 200-day moving average price of $164.54. The firm has a market capitalization of $68.98 billion, a price-to-earnings ratio of 25.95 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 EPS. On average, equities research analysts forecast that Costco Wholesale Corporation will post $6.43 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was first reported by BBNS and is owned by of BBNS. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://baseballnewssource.com/markets/costco-wholesale-corporation-cost-given-buy-rating-at-citigroup-inc/1704634.html.

In related news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $164.92, for a total transaction of $164,920.00. Following the completion of the sale, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 3,000 shares of company stock valued at $481,760 in the last ninety days. 0.74% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Delta Asset Management LLC TN grew its stake in Costco Wholesale Corporation by 11.6% during the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares during the period. Almanack Investment Partners LLC. acquired a new stake in Costco Wholesale Corporation during the second quarter worth approximately $101,000. Northwest Investment Counselors LLC acquired a new stake in Costco Wholesale Corporation during the second quarter worth approximately $107,000. Mercer Capital Advisers Inc. grew its stake in Costco Wholesale Corporation by 3.5% during the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after purchasing an additional 23 shares during the period. Finally, Mosaic Family Wealth LLC grew its stake in Costco Wholesale Corporation by 16.7% during the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after purchasing an additional 100 shares during the period. 72.34% of the stock is owned by institutional investors and hedge funds.

About Costco Wholesale Corporation

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.