Costco (NASDAQ:COST) has been upgraded from Neutral to Buy in a statement by Northcoast earlier today.
- Updated: October 19, 2016
Northcoast has upgraded Costco (NASDAQ:COST) from Neutral to Buy in a statement released on 10/19/2016.
Boasting a price of $149.11, Costco (NASDAQ:COST) traded 0.22% higher on the day. With the last stock price close down -4.47% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Costco has recorded a 50-day average of $152.67 and a two hundred day average of $156.01. Volume of trade was down over the average, with 1,152,504 shares of COST changing hands under the typical 2,074,610
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Costco has a 52 week low of $138.57 and a 52 week high of $169.73 with a P/E ratio of 27.96 The company’s market cap is currently $0.
In addition to Northcoast reporting its target price, a total of 21 firms have issued a report on the stock. The consensus target price is $167.76 with 5 firms rating the stock a strong buy, 14 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Costco (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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