Zacks Reiterates Neutral on Costco (COST)

By admin | 6 years ago

Costco (NASDAQ: COST)‘s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on Friday. They currently have a $89.00 price target on the stock.

A number of other firms have also recently commented on COST. 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 Morgan Stanley (NYSE: MS) reiterated an “overweight” rating on shares of Costco in a research note to investors on Monday, May 21st.

Costco opened at 84.48 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 price-to-earnings ratio of 24.62.

Costco last posted its quarterly earnings results 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.

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