Costco Wholesale Corporation (COST) Given a $155.00 Price Target by Deutsche Bank AG Analysts
Costco Wholesale Corporation (NASDAQ:COST) has been given a $155.00 target price by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the retailer’s stock. Deutsche Bank AG’s target price indicates a potential downside of 7.21% from the stock’s previous close.
COST has been the topic of several other reports. UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. BMO Capital Markets lowered Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $185.00 to $160.00 in a research note on Monday, July 10th. Robert W. Baird reissued a “buy” rating and issued a $200.00 price target on shares of Costco Wholesale Corporation in a research note on Thursday, August 31st. Zacks Investment Research raised Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Tuesday, September 19th. Finally, Northcoast Research raised Costco Wholesale Corporation from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Tuesday, June 20th. Ten investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and an average target price of $179.57.
Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 167.07 on Friday. The firm’s 50-day moving average is $160.00 and its 200 day moving average is $164.90. The firm has a market capitalization of $73.28 billion, a P/E ratio of 29.01 and a beta of 0.94. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The firm had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. During the same period in the previous year, the firm earned $1.77 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts predict that Costco Wholesale Corporation will post $5.78 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/costco-wholesale-corporation-cost-given-a-155-00-price-target-by-deutsche-bank-ag-analysts/1612066.html.
In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction 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 transaction, the director now owns 6,974 shares in the company, valued at approximately $1,150,152.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $481,760 in the last quarter. 0.74% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Delta Asset Management LLC TN grew its stake in shares of Costco Wholesale Corporation by 11.6% during the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after acquiring an additional 65 shares during the period. Almanack Investment Partners LLC. bought a new position in shares of Costco Wholesale Corporation during the 2nd quarter worth $101,000. Northwest Investment Counselors LLC bought a new position in shares of Costco Wholesale Corporation during the 2nd quarter worth $107,000. Mercer Capital Advisers Inc. grew its stake in shares of Costco Wholesale Corporation by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares during the period. Finally, Mosaic Family Wealth LLC grew its stake in shares of Costco Wholesale Corporation by 16.7% during the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after acquiring an additional 100 shares during the period. Institutional investors own 72.35% of the company’s stock.
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.
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 Analyst Ratings Network's FREE daily email newsletter.