Costco (COST) PT Increases On Model Roll at Citi

July 23, 2018 8:53 AM EDT
Get Alerts COST Hot Sheet
Price: $392.18 +1.39%

Rating Summary:
    23 Buy, 11 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 11 | New: 50
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Citi analyst, Kate McShane, reiterated her Buy rating on shares of Costco Wholesale (NASDAQ: COST) and raised her price target to $250 from $222 after rolling forward the discounted cash flow analysis which implies a 29x P/E multiple and a 15x EV/EBITDA multiple on FY2 estimates.

The analyst stated "COST remains well positioned to withstand competition (including from AMZN) given its low prices, its experience in the grocery industry, the "treasure-hunt" aspect of shopping, COST’s ability to act as a one-stop shop for households, the draw of its ancillary businesses that cannot be replicated online, and its geographic diversification. Recent results reinforce that COST remains a best-in-class operator with a wide competitive moat".

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 $218.69 yesterday.

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