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Costco Wholesale Corporation (NASDAQ:COST) price target reduced to $176.00, issued a ratings update today by Goldman Sachs Group Inc

Goldman Sachs Group Inc dropped the price target of Costco Wholesale Corporation (NASDAQ:COST) to $176.00 indicating a possible upside of 0.08%.

Yesterday Costco Wholesale Corporation (NASDAQ:COST) traded -0.04% lower at $162.90. Costco Wholesale Corporation’s 50-day average is $157.60 and its two hundred day average is $165.44. With the last stock price close down -1.90% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Trading volume was down over the average, with 3,757,799 shares of COST changing hands under the typical 4,572,670

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Costco Wholesale Corporation (NASDAQ:COST)

Costco Wholesale Corporation has price-earnings ratio of 28.18 with a one year low of $142.11 and a 52 week high of $183.18 and has a market cap of $0.

In addition to Goldman Sachs Group Inc reporting its stock price target, a total of 21 brokerages have issued a report on the company. The average stock price target is $167.76 with five analysts rating the company a strong buy, fourteen analysts rating the company a buy, ten equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero firms rating the stock a sell.

General Information About Costco Wholesale Corporation (NASDAQ:COST)

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world. The Company's average warehouse space is approximately 144,000 square feet. The Company's warehouses on average operate on a seven-day, 70-hour week. The Company offers merchandise in various categories, which include foods (including dry foods, packaged foods and groceries); sundries (including snack foods, candy, alcoholic and nonalcoholic beverages, and cleaning supplies); hardlines (including appliances, electronics, health and beauty aids, hardware, and garden and patio); fresh foods (including meat, produce, deli and bakery); softlines (including apparel and small appliances), and other (including gas stations and pharmacy).

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