Analyst Revises Costco Wholesale Corporation (NASDAQ:COST) Stock Target


Costco Wholesale Corporation (NASDAQ:COST) mean price target has been set at $169.3000 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $1.2200 in the near-term quarter and $5.3100 for the ongoing fiscal. The market cap of Costco Wholesale Corporation was recorded at $68.91B after the stock closed at $157.3008 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Costco Wholesale Corporation (NASDAQ:COST) has a P/E ratio of 29.7299. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Costco Wholesale Corporation (NASDAQ:COST) PEG ratio sits at 3.2800. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Costco Wholesale Corporation visibly illustrates that the 50-day MA of Costco Wholesale Corporation is $150.9510, and stock is trading 6.3498 or +4.2065% distant from $150.9510. The 200-day MA is $152.3880, and this price is $4.9128 or +3.2239% off from current level. Costco Wholesale Corporation (NASDAQ:COST) 52-week high is $169.7300 and the 52-week low is $117.0300. This represents that if the stock moves $-12.4292 points up on the chart to make a 52-week high. But, if it declines $+34.4107%, then the shares price can hit a new 52-week low.

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