Short Term Rating on Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : 17 analysts are covering Costco Wholesale Corporation (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 (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 3, which recommends a Hold 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 (COST) : 14 Wall Street analysts covering Costco Wholesale Corporation (COST) believe that the average level the stock could reach for the short term is $171.43. The maximum price target given is $195 and the minimum target for short term is around $135, hence the standard deviation is calculated at $13.5.

For the current week, the company shares have a recommendation consensus of Buy.


Costco Wholesale Corporation (NASDAQ:COST): The stock opened at $166.49 on Tuesday but the bulls could not build on the opening and the stock topped out at $166.92 for the day. The stock traded down to $165.82 during the day, due to lack of any buying support eventually closed down at $166.28 with a loss of -0.26% for the day. The stock had closed at $166.72 on the previous day. The total traded volume was 1,644,614 shares.

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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