The wholesale corporation has been given an AA+ credit rating and a Strong Buy while its shared droppyed by 3.28%.
According to the analysts at MorningStar, the wholesale giant has received a credit rating of AA-, which suggests that the firm is a low default risk. Currently, the company has upgraded from Buy to a Strong Buy rating, according to analysts at Vetr.
The corporation saw a decline in its market capital as the firm’s shared dropped down by 4.72 points or 3.28%. The trading began at $142.22, where the company’s stock was seen hit a higher estimate of $143.33 and a low estimate of $138.99. By the end of the session, the share price was at $138.99 with the volume of shares at 3,611,352. Currently, the outstanding number of shares of the company are 439,488,000 with a market capital of $61.084 million. The 52 week high of the company was at $156.85 and a 52 week low at $120.58. The firm has a 200 day moving average of $145.40 and a 50 day moving average of $144.27.
In the last three months, Costco Wholesale has dropped by 3% whereas to date performance of the stick stands at 2.1%. In the short term, the target price has been set at $153.81 according to 16 analysts. The price target according to a few analysts is likely to fluctuate and reach to a higher estimate of $165 and a lower estimate price target of $136. Rose Timothy, the Vice President of Costco Wholesale Corporation, on July 30, 2015 sold 1415 shares at the price of $145.58 per share. This Insider Selling and Buying information was disclosed by the company on a Form 4 Filling. The total transaction was worth $205,996.
On May 27, 2015, the wholesale company announced earnings per share of $1.17 for the quarter. On August 28, 2015, the company is likely to distribute a quarterly dividend. As of August 14, 2015, the company will be paid a dividend worth $0.40. For the fiscal year, analysts predicted that the company will post earnings per share of %5.21 on an average. A Hold rating was given by 10 research analysts whereas 16 have given it a buy rating. The target price was set at $153.35 on a mutual consensus.
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