Merrill Lynch analyst Robert Ohmes reiterated a Buy rating on Costco on Wednesday, setting a price target of $422, which is approximately 10.04% above the present share price of $383.5.
Ohmes expects Costco to post earnings per share (EPS) of $3.14 for the fourth quarter of 2020.
The current consensus among 20 TipRanks analysts is for a Strong Buy rating of shares in Costco, with an average price target of $393.56.
The analysts price targets range from a high of $435 to a low of $310.
In its latest earnings report, released on 08/31/2020, the company reported a quarterly revenue of $53.38 billion and a net profit of $1.93 billion. The company's market cap is $171.09 billion.
According to TipRanks.com, Merrill Lynch analyst Robert Ohmes is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.8% and a 64.24% success rate.
Costco Wholesale Corp (NASDAQ:COST). engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.