A share price of Costco Wholesale Corp [COST] is currently trading at $899.17, up 0.64%. An important factor to consider is whether the stock is rising or falling in short-term value. The COST shares have gain 1.33% over the last week, with a monthly amount drifted -0.26%, 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 October 22, 2024, when Bernstein initiated its Outperform rating and assigned the stock a price target of $1016. Previously, Oppenheimer reaffirmed its Outperform rating on October 10, 2024, and elevated its price target to $980. On September 27, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $1000 on the stock. Truist downgraded its rating to a Hold but stick to its price target of $873 on September 24, 2024. Redburn Atlantic downgraded its rating to a Neutral and raised its price target to $890 on September 10, 2024. Morgan Stanley reiterated a Overweight rating for this stock on September 09, 2024, and upped its price target to $950. In a note dated August 08, 2024, Gordon Haskett upgraded an Buy rating on this stock but restated the target price of $925.
Costco Wholesale Corp experienced fluctuations in its stock price throughout the past year between $528.22 and $923.83. Currently, Wall Street analysts expect the stock to reach $797.65 within the next 12 months. Costco Wholesale Corp [NASDAQ: COST] shares were valued at $899.17 at the most recent close of the market. An investor can expect a potential drop of -11.29% based on the average COST price forecast.
Analyzing the COST fundamentals
Trailing Twelve Months sales for Costco Wholesale Corp [NASDAQ:COST] were 254.45B which represents 0.96% growth. Gross Profit Margin for this corporation currently stands at 0.13% 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 0.32 and Total Capital is 0.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 894.21 points at the first support level, and at 889.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 904.90, and for the 2nd resistance point, it is at 910.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Costco Wholesale Corp [NASDAQ:COST] is 0.97. On the other hand, the Quick Ratio is 0.44, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 16.87 and price to earnings (TTM) ratio is 54.29.
Transactions by insiders
Recent insider trading involved Jones Teresa A., Officer, that happened on Oct 23 ’24 when 800.0 shares were purchased. Executive Vice President, Riel Pierre completed a deal on Oct 15 ’24 to sell 2000.0 shares. Meanwhile, Sr. Executive Vice President Miller Russell D sold 4400.0 shares on Oct 11 ’24.
