Analyst Rating Update on Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (NASDAQ:COST) : 17 analysts are covering Costco Wholesale Corporation (NASDAQ:COST) and their average rating on the stock is 1.68, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Costco Wholesale Corporation (NASDAQ:COST) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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.

For the current week, the company shares have a recommendation consensus of Buy. 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): stock turned positive on Tuesday. Though the stock opened at $154.66, the bulls momentum made the stock top out at $155.93 level for the day. The stock recorded a low of $153.71 and closed the trading day at $155.6, in the green by 0.87%. The total traded volume for the day was 2,156,326. The stock had closed at $154.26 in the previous days trading.

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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