BMO Capital Reiterates Outperform on Costco Wholesale (COST) Following 1Q Report

December 8, 2016 8:00 AM EST
Get Alerts COST Hot Sheet
Price: $380.88 -1.01%

Rating Summary:
    23 Buy, 11 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 13 | New: 24
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BMO Capital reiterated an Outperform rating and $180.00 price target on Costco Wholesale (NASDAQ: COST) following the company's 1Q earnings report. Costco reported adjusted EPS of $1.17. BMO raised our 2017 EPS estimates to $5.98 (from $5.90).

Analyst Kelly Bania commented, "Costco reported adjusted F1Q17 EPS of $1.17 which was in line with our below-consensus estimate, though we believe the quarter was stronger than the underlying headline figure would suggest as interchange fee savings from the new Citi/ Visa credit card were higher than our conservative forecast. We raise our EPS on lower SG&A (due to interchange fee savings) offset by more conservative comp assumptions and increased FX pressure in F2H17 based on current FX rates. We continue to rate COST shares Outperform with a $180 target price."

For an analyst ratings summary and ratings history on Costco Wholesale click here. For more ratings news on Costco Wholesale click here.

Shares of Costco Wholesale closed at $153.85 yesterday.



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