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Zacks Investment Research downgraded Costco Wholesale Corporation (NASDAQ:COST) to Sell in a statement released earlier today.

Zacks Investment Research has downgraded Costco Wholesale Corporation(NASDAQ:COST) to Sell in a statement released on 9/13/2016.

Yesterday Costco Wholesale Corporation (NASDAQ:COST) traded 1.31% higher at $151.69. COST’s 50-day average is $163.05 and its 200-day average is $156.31. The last stock close is down 2.33% relative to the 200-day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. Volume of trade was was up over the average, with 2,304,866 shares of COST changing hands over the typical 2,107,980 shares..

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Costco Wholesale Corporation (NASDAQ:COST)

Costco Wholesale Corporation has a price-earnings of 29 with a 52 week low of $138.57 and a one-year high of $169.73. Costco Wholesale Corporation’s market cap is presently $0.0.

A total of 21 analysts have issued a research note on COST. Five firms rate the company a strong buy, 14 analysts rate the company a buy, 10 firms rate the company a hold, 0 rate the stock to underperform, and finally 0 analystsrate the company as sell with a 12-month target price of $167.76

Brief Synopsis About 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 and membership services.

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