Why Costco Wholesale Corporation (NASDAQ:COST) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $172.25 on Costco Wholesale Corporation (NASDAQ:COST) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.30 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Costco Wholesale Corporation (NASDAQ:COST) stands at 31.76.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Costco Wholesale Corporation, the PEG ratio for coming 3-5 years is 3.47.

Technical Analysis

The technical analysis highlights that Costco Wholesale Corporation current is trading $1.77 points away or +1.06% from its 50-day moving average of $166.25. Further it is trading $13.00 or +8.39% away its 200-day moving average of $155.02.

The 52-week high of Costco Wholesale Corporation (NASDAQ:COST) was $169.73 while lowest point recorded in 52-week was $117.03. It implies if stock price makes a movement of over $-1.71, it will record a new 52-week high. In the case of +43.57% drop, it will touch a new 52-week low.

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