Stock of the week: “Costco Wholesale Corp”
Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.
Costco Wholesale Corp shares were reporting positive sales trends for December, indicating that year-over-year net sales were up.
On Friday, the stock outperformed some of its competitors, as Amazon.com Inc. rose 3.56% to $86.08, and Walmart Inc. rose 2.45% to $146.78. Trading volume (5.1 M) eclipsed its 50-day average volume of 2.2 M.
Financial social media sentiment is “neutral” in both absolute and relative terms – on its own and when compared to the sentiment of the sector and the sentiment of the stock index.
Analysts' consensus rating is "buy" - out of the 33 bank analysts covering the company, 22 recommend buying the stock, while 11 recommend holding it. The upside potential of the stock price expected by the analysts on average over the next 6-12 months is currently 14.48% (reference close of business 09/01/2023).
Attention buzz is currently “Average”.
Sources:
https://umushroom.com/en/equity/costco-whsl-rg
