Impact of Brokerage Rating on Costco Wholesale Corporation(COST)

Many Costco Wholesale Corporation(COST) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Costco Wholesale Corporation was Initiated by Susquehanna on Feb 10, 2017 to Positive, Price Target of the shares are set at $192.Costco Wholesale Corporation was Initiated by Bernstein on Feb 6, 2017 to Mkt Perform, Price Target of the shares are set at $170.Costco Wholesale Corporation was Resumed by Stifel on Jan 20, 2017 to Buy, Price Target of the shares are set at $185.Company shares were Reiterated by Telsey Advisory Group on Jan 5, 2017 to Outperform, Raises Price Target to $ 180 from a previous price target of $170 .Costco Wholesale Corporation was Upgraded by Citigroup to Buy on Dec 19, 2016.

Company has reported several Insider transactions to the SEC, on Feb 3, 2017, John D Mckay (Executive Vice President) sold 4,948 shares at 168.25 per share price.On Feb 1, 2017, James D Sinegal (director) sold 20,114 shares at 149.02 per share price.On Jan 11, 2017, Roland Michael Vachris (Executive VP) sold 3,180 shares at 161.73 per share price.

Costco Wholesale Corporation Last issued its quarterly earnings results on Dec 7, 2016. The company reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $1.19. The company had revenue of $28099.00 million for the quarter, compared to analysts expectations of $28317.39 million. The companys revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.

Costco Wholesale Corporation (NASDAQ:COST) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.64 by 18 Brokerage Firm. 11 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.

Costco Wholesale Corporation (NASDAQ:COST) stock has received a short term price target of $ 175.88 from 16 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $12.09. The higher estimate of target price is $192 , while the lower price target estimate is $143

Costco Wholesale Corporation (NASDAQ:COST) rose 0.97% or 1.67 points on Tuesday and made its way into the gainers of the day. After trading began at $171.66 the stock was seen hitting $173.64 as a peak level and $171.55 as the lowest level. The stock ended up at $173.63. The daily volume was measured at 2,245,114 shares. The 52-week high of the share price is $173.64 and the 52-week low is $138.57. The company has a market cap of $76,265 million.

Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.


For any feedback and suggestions contact author at

Add Comment