Currently, Costco Wholesale Corp [COST] is trading at $731.31, down -0.14%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The COST shares have gain 2.46% over the last week, with a monthly amount drifted -0.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Costco Wholesale Corp [NASDAQ: COST] stock has seen the most recent analyst activity on April 03, 2024, when Gordon Haskett downgraded its rating to a Accumulate but kept the price target unchanged to $775 for it. Previously, Telsey Advisory Group reaffirmed its Outperform rating on March 08, 2024, and elevated its price target to $800. On March 04, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $785 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $750 on February 06, 2024. Northcoast downgraded its rating to a Neutral but $620 remained the price target by the analyst firm on December 20, 2023. Telsey Advisory Group reiterated a Outperform rating for this stock on December 15, 2023, and upped its price target to $700. In a note dated November 30, 2023, Telsey Advisory Group reiterated an Outperform rating on this stock and boosted its target price from $600 to $625.
This stock has fluctuated between a low of $466.15 and a high of $787.08 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $644.62 within the next 12 months. Costco Wholesale Corp [NASDAQ: COST] shares were valued at $731.31 at the most recent close of the market. An investor can expect a potential drop of -11.85% based on the average COST price forecast.
Analyzing the COST fundamentals
Trailing Twelve Months sales for Costco Wholesale Corp [NASDAQ:COST] were 248.83B which represents 5.75% growth. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.28 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 727.60 points at the first support level, and at 723.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 733.96, and for the 2nd resistance point, it is at 736.61.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Costco Wholesale Corp [NASDAQ:COST] is 0.93. Further, the Quick Ratio stands at 0.43, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 15.62 and price to earnings (TTM) ratio is 47.85.
Transactions by insiders
Recent insider trading involved Callans Patrick J, Executive VP, that happened on Mar 11 ’24 when 2500.0 shares were sold. Executive Vice President, Adamo Claudine completed a deal on Mar 11 ’24 to sell 1500.0 shares. Meanwhile, Director DECKER SUSAN L sold 1442.0 shares on Feb 09 ’24.
