Costco Wholesale Stock Rating Reaffirmed Amid Strong Earnings

Royal Bank Of Canada reaffirmed their 'sector perform' rating for Costco Wholesale (NASDAQ:COST) stock in a research report issued on Friday. The analysts have a price objective of $1,000.00 on the retailer's stock, indicating a potential upside of 9.06% from its previous close.

Several other research firms have also recently issued reports on COST. Sanford C. Bernstein decreased their price target on Costco Wholesale from $1,144.00 to $1,143.00 and set an 'outperform' rating for the company in a research note on Friday. Roth Capital upped their price objective on shares of Costco Wholesale from $769.00 to $781.00 and gave the company a 'sell' rating in a research note on Friday, May 29th.

Costco Wholesale reported its earnings results on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, beating the consensus estimate of $6.54 by $0.21. Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%. The company had revenue of $95.72 billion during the quarter, compared to analysts' expectations of $94.97 billion.