On Friday, Costco Corporation rose 0.56% or 0.82 points and made it into the day’s gainers.
Costco Wholesale Corporation’s short term rating ranked at 3, according to analysts at Zacks. According to at least 12 analysts the company is currently said to be a strong buy with average rating of 1.79 which 21 brokerage firms sent.
The number is based on a scale of 1 to 5, where 5 is a strong sell and 1 represents a good buy. The analysts at Oppenheimer issued ratings for the first on July 10, 2015 which previously rated the share as Perform and is currently rated as Outperform. According to 8 Wall Street analysts, the company is rated as hold whereas 1 has suggested buy for the shares.
According to Costco Wholesale, in the short term the expected stock price is to reach $153.81. $165 is the higher estimate for the short term price target while $136 is the lower estimate of the price target. $8.7 is where the standard deviation stands at. Analysts are expecting $1.86 to be the earnings per share in the future by the end of the quarter that is ending on August 31, 2015. For the next two to three years the analysts expect the earning per share in the long term growth to be at $11 on the stock.
The trading session that took place on Monday was hardly any profit or loss for the firm. The trade opened at $145.15 with the highest estimate of the day at $146.24 and the lowest estimate of the day at $144.98. By the end of the day the volume of shares was at 912,569 shares and $146.09 was registered as the final trade. The company is at a market capital of $64,205 million according to current valuation and 439,488,000 shares are in public circulation.
Rose Timothy, the officer at Costco Wholesale Corporation, on July 30, 2015 sold 1,415 shares at $145.58 according to what the company disclosed to the Securities Exchange. This Insider trading was disclosed in a Form 4 filing to the Securities and Exchange Commission and the total value of the transaction was worth $205,996.The company’s shares owned by the institutional investors is 74.2% and the shares owned by the insiders are 0.5%.
On Friday the company made its way into the gainers when it rose to 0.56% or 0.82 points. Last quarter that ended on May 31, 2015, the company reported earnings of $1.17 per share so for the next quarters analysts are expecting some improvement. Wall Street expects Costco Corporation to report its next earnings on October 14, 2015.
