Costco Wholesale Corp [COST] stock prices are up 0.76% to $908.42 at the moment. 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 1.78% over the last week, with a monthly amount glided 1.78%, and 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 September 24, 2024, when Truist downgraded its rating to a Hold but kept the price target unchanged to $873 for it. Previously, Redburn Atlantic downgraded its rating to Neutral on September 10, 2024, and elevated its price target to $890. On September 09, 2024, Morgan Stanley reiterated its Overweight rating and revised its price target to $950 on the stock. Gordon Haskett upgraded its rating to a Buy but stick to its price target of $925 on August 08, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $925 on July 11, 2024. Oppenheimer reiterated a Outperform rating for this stock on July 11, 2024, and upped its price target to $950. In a note dated July 02, 2024, Stifel reiterated an Buy rating on this stock and boosted its target price from $850 to $900.
The stock price of Costco Wholesale Corp [COST] has been fluctuating between $528.22 and $923.83 over the past year. Currently, Wall Street analysts expect the stock to reach $755.17 within the next 12 months. Costco Wholesale Corp [NASDAQ: COST] shares were valued at $908.42 at the most recent close of the market. An investor can expect a potential drop of -16.87% based on the average COST price forecast.
Analyzing the COST fundamentals
The Costco Wholesale Corp [NASDAQ:COST] reported sales of 253.69B for trailing twelve months, representing a surge of 9.07%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.04%, 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 0.11, Equity is 0.31 and Total Capital is 0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
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 902.91 points at the first support level, and at 897.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 912.14, and for the 2nd resistance point, it is at 915.87.
Ratios To Look Out For
It’s worth pointing out that Costco Wholesale Corp [NASDAQ:COST]’s Current Ratio is 0.94. Further, the Quick Ratio stands at 0.45, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.59, the price to book ratio is 18.50 and price to earnings (TTM) ratio is 56.31.
Transactions by insiders
Recent insider trading involved Jones Teresa A., Executive Vice President, that happened on Jul 25 ’24 when 4.0 shares were sold. Executive Vice President, GALANTI RICHARD A completed a deal on Aug 15 ’24 to sell 500.0 shares. Meanwhile, Executive Vice President GALANTI RICHARD A sold 500.0 shares on Aug 13 ’24.
