McAdams Wright Ragen Boosts Price Target on Costco (COST)
Analysts at McAdams Wright Ragen increased their price target on shares of Costco (NASDAQ: COST) from $85.00 to $89.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “hold” rating on the stock.
A number of other analysts have also recently weighed in on COST. Analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Costco from $94.00 to $96.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) reiterated an “equal weight” rating on shares of Costco in a research note to investors on Friday, May 25th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Costco in a research note to investors on Friday, May 25th. They now have a $89.00 price target on the stock.
Costco opened at 85.96 on Wednesday. Costco has a 1-year low of $70.22 and a 1-year high of $92.10. The company has a market cap of $37.242 billion and a price-to-earnings ratio of 23.95.
Costco last released its earnings data on Thursday, May 24th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Costco will post $0.91 EPS next quarter.
Costco Wholesale Corporation (Costco), with its subsidiaries operates membership warehouses that offer its members low prices on a limited selection of branded and selected private-label products in a range of merchandise categories.