Barclays Capital Reaffirms Equal Weight Rating on Costco (COST)

By admin | 6 years ago

Costco (NASDAQ: COST)‘s stock had its “equal weight” rating reiterated by investment analysts at Barclays Capital (NYSE: BCS) in a note issued to investors on Friday.

Shares of Costco remained flat at $84.48 during during mid-day trading trading on Friday. Costco has a 52 week low of $70.22 and a 52 week high of $92.10. The company has a market cap of $36.600 billion and a P/E ratio of 23.58.

Costco last issued its quarterly earnings data on Thursday, May 24th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.01. Costco’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that Costco will post $0.91 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Costco in a research note to investors on Friday. They now have a $89.00 price target on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of Costco in a research note to investors on Friday. Finally, analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of Costco to $93.00 in a research note to investors on Friday.

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.

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