Brokerage Firm Rating Update on Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) has an average broker rating of 1.77, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Costco Wholesale Corporation (COST) stock is expected to deviate a maximum of $13.83 from the average target price of $171.58 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $195 and the most muted being $135.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Costco Wholesale Corporation (NASDAQ:COST). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $155 per share to $172 per share. The rating by the firm was issued on August 16, 2016.

Costco Wholesale Corporation (NASDAQ:COST): stock was range-bound between the intraday low of $155.4 and the intraday high of $157.87 after having opened at $157.64 on Wednesdays session. The stock finally closed in the red at $157.64, a loss of -1.53%. The stock remained in the red for the whole trading day. The total traded volume was 2,984,148 shares. The stock failed to cross $157.87 in Wednesdays trading. The stocks closing price on Thursday was $158.06.

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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