Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $168.95 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 31.19. 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 3.38. Technical Analysis The technical analysis highlights that Costco Wholesale Corporation current price is trading $11.99 points away +7.84% from $153.01, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $152.27 and, for now, the stock price is trading $12.73 or +8.36% away from that point. 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 $-4.73, it will record a new 52-week high. In the case of $+40.99% points drop, it will touch a new 52-week low.
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