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Key Research Analysts at Oppenheimer Reconfirmed their ‘Buy’ rating for Costco (NASDAQ:COST) Shares Today. Their Target Price Given is $185.0

December 7, 2017 - By Peter Erickson

 Key Research Analysts at Oppenheimer Reconfirmed their ‘Buy’ rating for Costco (NASDAQ:COST) Shares Today. Their Target Price Given is $185.0

Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.40, from 0.88 in 2017Q1. It increased, as 64 investors sold Costco Wholesale Corporation shares while 376 reduced holdings. 123 funds opened positions while 438 raised stakes. 311.53 million shares or 2.27% less from 318.75 million shares in 2017Q1 were reported.

Envestnet Asset Management reported 46,863 shares. Puzo Michael J has invested 0.11% in Costco Wholesale Corporation (NASDAQ:COST). Commonwealth Of Pennsylvania School Empls Retrmt Systems reported 0.08% in Costco Wholesale Corporation (NASDAQ:COST). Gabelli Funds Ltd Company holds 206,600 shares. Univest Of Pennsylvania holds 19,888 shares or 1.34% of its portfolio. Roosevelt Invest Group owns 3,199 shares. Partnervest Advisory Services Ltd holds 0.1% or 1,405 shares. Chemung Canal invested in 0.07% or 1,997 shares. Exchange Cap Inc has 0.6% invested in Costco Wholesale Corporation (NASDAQ:COST) for 11,085 shares. Ancora Advisors Limited Liability Corporation stated it has 0.09% in Costco Wholesale Corporation (NASDAQ:COST). Ironwood Lc holds 0.01% or 127 shares in its portfolio. Duncker Streett reported 1,662 shares. Mraz Amerine & has 1,975 shares. Commonwealth Equity has invested 0.17% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Magellan Asset Mgmt Ltd reported 2.92% in Costco Wholesale Corporation (NASDAQ:COST).

Costco (NASDAQ:COST) Rating Reaffirmed

Costco (NASDAQ:COST) just had their share rating of a ‘Buy’ issued by research analysts at Oppenheimer, who now has a $185.0 price target on the $81.37B market cap company or a -0.64 % downside potential. This key information was released in a research note on Friday morning.

Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.40, from 0.88 in 2017Q1. It increased, as 64 investors sold Costco Wholesale Corporation shares while 376 reduced holdings. 123 funds opened positions while 438 raised stakes. 311.53 million shares or 2.27% less from 318.75 million shares in 2017Q1 were reported.

Envestnet Asset Management reported 46,863 shares. Puzo Michael J has invested 0.11% in Costco Wholesale Corporation (NASDAQ:COST). Commonwealth Of Pennsylvania School Empls Retrmt Systems reported 0.08% in Costco Wholesale Corporation (NASDAQ:COST). Gabelli Funds Ltd Company holds 206,600 shares. Univest Of Pennsylvania holds 19,888 shares or 1.34% of its portfolio. Roosevelt Invest Group owns 3,199 shares. Partnervest Advisory Services Ltd holds 0.1% or 1,405 shares. Chemung Canal invested in 0.07% or 1,997 shares. Exchange Cap Inc has 0.6% invested in Costco Wholesale Corporation (NASDAQ:COST) for 11,085 shares. Ancora Advisors Limited Liability Corporation stated it has 0.09% in Costco Wholesale Corporation (NASDAQ:COST). Ironwood Lc holds 0.01% or 127 shares in its portfolio. Duncker Streett reported 1,662 shares. Mraz Amerine & has 1,975 shares. Commonwealth Equity has invested 0.17% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Magellan Asset Mgmt Ltd reported 2.92% in Costco Wholesale Corporation (NASDAQ:COST).

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Among 31 analysts covering Costco Wholesale (NASDAQ:COST), 20 have Buy rating, 0 Sell and 11 Hold. Therefore 65% are positive. Costco Wholesale has $202.0 highest and $144.0 lowest target. $182.19’s average target is -2.15% below currents $186.2 stock price. Costco Wholesale had 107 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Positive” rating given on Friday, February 10 by Susquehanna. As per Wednesday, September 2, the company rating was maintained by Piper Jaffray. Robert W. Baird maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Thursday, July 27. Robert W. Baird has “Buy” rating and $20000 target. The rating was maintained by Wells Fargo on Thursday, June 1 with “Hold”. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Monday, December 19 by Citigroup. The company was maintained on Wednesday, November 22 by Guggenheim. Credit Suisse reinitiated the shares of COST in report on Thursday, December 8 with “Outperform” rating. On Friday, October 6 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Neutral” rating by Citigroup on Tuesday, August 16. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Neutral” rating given on Friday, May 27 by Citigroup.

The stock decreased 0.54% or $1.02 during the last trading session, reaching $186.2. About 1.89M shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since December 7, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. The company has market cap of $81.37 billion. It offers branded and private-label products in a range of merchandise categories. It has a 30.62 P/E ratio. The firm provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio; meat, bakery, deli, and produces; and apparel and small appliances.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: “Costco: The Street Can Be So Gullible” on December 03, 2017, also Seekingalpha.com with their article: “Raymond James sees new highs for Costco” published on December 05, 2017, Fool.com published: “Why 2017 Was a Year to Forget for Costco Wholesale Corporation” on December 02, 2017. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Seekingalpha.com and their article: “Costco Posts Astronomical November Comps, Belongs Over $200” published on December 01, 2017 as well as Fool.com‘s news article titled: “Better Buy: Costco Wholesale Corporation vs. Amazon.com” with publication date: November 15, 2017.

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