Costco Wholesale Corporation (COST) Rating Reiterated by Deutsche Bank AG

Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank AG in a research report issued on Tuesday, September 5th. They currently have a $172.00 target price on the retailer’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 7.47% from the company’s previous close.

A number of other research firms also recently commented on COST. Vetr upgraded shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective for the company in a research note on Monday, August 21st. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 24th. Robert W. Baird reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a report on Tuesday, May 30th. Barclays PLC reaffirmed an “overweight” rating and issued a $190.00 target price (up from $185.00) on shares of Costco Wholesale Corporation in a report on Sunday, May 28th. Finally, BidaskClub cut shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $179.23.

Costco Wholesale Corporation (NASDAQ COST) traded up 1.247% during trading on Tuesday, reaching $162.035. The company’s stock had a trading volume of 362,217 shares. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The company’s 50 day moving average price is $156.49 and its 200 day moving average price is $165.72. The company has a market cap of $71.07 billion, a P/E ratio of 28.131 and a beta of 0.93.

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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $160.28, for a total value of $160,280.00. Following the transaction, the director now directly owns 5,974 shares in the company, valued at $957,512.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 3,000 shares of company stock worth $477,120. Corporate insiders own 0.74% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Intl Fcstone Inc. bought a new stake in shares of Costco Wholesale Corporation in the second quarter valued at approximately $208,000. Gs Investments Inc. bought a new stake in shares of Costco Wholesale Corporation in the second quarter valued at approximately $1,330,000. Achmea Investment Management B.V. bought a new stake in shares of Costco Wholesale Corporation in the second quarter valued at approximately $757,000. Lord Abbett & CO. LLC raised its position in shares of Costco Wholesale Corporation by 0.6% in the second quarter. Lord Abbett & CO. LLC now owns 183,500 shares of the retailer’s stock valued at $29,347,000 after purchasing an additional 1,100 shares during the period. Finally, USA Financial Portformulas Corp bought a new stake in shares of Costco Wholesale Corporation in the second quarter valued at approximately $2,673,000. 72.50% of the stock is currently owned by institutional investors.

About Costco Wholesale Corporation

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.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

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