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Citigroup issued a report on Costco Wholesale Corporation (NASDAQ:COST), lowering its target price to $167.00 today

Costco Wholesale Corporation (NASDAQ:COST) had its stock price target dropped to $167.00 by Citigroup in a report released 9/30/2016. The bumped down target price indicates a possible upside of 0.09% from the company's previous stock price.

Previously on Friday September 23, 2016, Barclays Capital reported on Costco Wholesale Corporation (NASDAQ:COST) dropped the target price from $180.00 to $158.00 that indicated a possible upside of 0.03%.

Just yesterday Costco Wholesale Corporation (NASDAQ:COST) traded -1.29% lower at $153.08. The company’s 50-day moving average is $158.53 and its 200-day moving average is $156.31. The last stock close price is down -5.64% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,501,430 shares of the stock were exchanged, up from an average trading volume of 2,085,780

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Costco Wholesale Corporation (NASDAQ:COST)

With a total market value of $0, Costco Wholesale Corporation has price-earnings ratio of 27.88 with a one year low of $138.57 and a one year high of $169.73 .

A total of 21 firms have reported on the stock. 5 firms rating the stock a strong buy, 14 firms rating the stock a buy, 10 analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $167.76.

General Company Details For Costco Wholesale Corporation (NASDAQ:COST)

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 Company's warehouses generally operate on a seven-day, 69-hour week. The Company's product categories include Food, Sundries, Hardlines, Fresh Food, Softlines, Ancillary and Other. The Company's online business provides products, which include services, such as photo processing, pharmacy, travel, business delivery, and membership services.

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