Costco Wholesale Corp [COST] stock prices are up 2.97% to $955.65 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The COST shares have gain 3.44% over the last week, with a monthly amount glided 6.28%, 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 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.
The stock price of Costco Wholesale Corp [COST] has been fluctuating between $564.86 and $962.00 over the past year. 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 $955.65 at the most recent close of the market. An investor can expect a potential drop of -16.53% based on the average COST price forecast.
Analyzing the COST fundamentals
The Costco Wholesale Corp [NASDAQ:COST] reported sales of 254.45B for trailing twelve months, representing a surge of 0.96%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.25.
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 937.60 points at the first support level, and at 919.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 966.09, and for the 2nd resistance point, it is at 976.54.
Ratios To Look Out For
It’s worth pointing out that Costco Wholesale Corp [NASDAQ:COST]’s Current Ratio 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 1.66, the price to book ratio is 17.93 and price to earnings (TTM) ratio is 57.70.
Transactions by insiders
Recent insider trading involved GALANTI RICHARD A, Executive Vice President, that happened on Oct 24 ’24 when 1416.0 shares were sold. Executive Vice President, Jones Teresa A. completed a deal on Oct 23 ’24 to sell 800.0 shares. Meanwhile, Officer GALANTI RICHARD A bought 1417.0 shares on Oct 24 ’24.
