At the time of writing, Costco Wholesale Corp [COST] stock is trading at $964.02, up 0.56%. 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 2.05% over the last week, with a monthly amount glided 0.82%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Costco Wholesale Corp [NASDAQ: COST] stock has seen the most recent analyst activity on December 05, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $1050 from $1000. Previously, Bernstein started tracking the stock with Outperform rating on October 22, 2024, and set its price target to $1016. On October 10, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $980 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $1000 on September 27, 2024. Truist downgraded its rating to a Hold but $873 remained the price target by the analyst firm on September 24, 2024. Redburn Atlantic downgraded its rating to Neutral for this stock on September 10, 2024, and upped its price target to $890. In a note dated September 09, 2024, Morgan Stanley reiterated an Overweight rating on this stock and boosted its target price from $855 to $950.
For the past year, the stock price of Costco Wholesale Corp fluctuated between $686.26 and $1008.25. Currently, Wall Street analysts expect the stock to reach $955.92 within the next 12 months. Costco Wholesale Corp [NASDAQ: COST] shares were valued at $964.02 at the most recent close of the market. An investor can expect a potential drop of -0.84% based on the average COST price forecast.
Analyzing the COST fundamentals
According to Costco Wholesale Corp [NASDAQ:COST], the company’s sales were 258.81B for trailing twelve months, which represents an 7.53% jump. 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 0.1, Equity is 0.33 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 956.59 points at the first support level, and at 949.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 969.85, and for the 2nd resistance point, it is at 975.68.
Ratios To Look Out For
It is important to note that Costco Wholesale Corp [NASDAQ:COST] has a current ratio of 0.98. Further, the Quick Ratio stands at 0.43, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 1.65, the price to book ratio is 17.50 and price to earnings (TTM) ratio is 56.61.
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.
