Costco Wholesale Cor
COST
Real-time BATS EXCHANGE - 08/15 09:10:43 pm
221.85USD
-0.06%

There is still some upside potential

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Anas Lozach
Analyst

Strategy published on : 02/08/2018 | 17:29

long trade
Target price hit

Entry price : 183.355$
Target : 210$
Stop-loss : 170.1$
Potential : 14.53%

Shares in Costco Wholesale Corporation show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the $ 210.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● The group usually releases upbeat results with huge surprise rates.

● The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.59 for the 2018 fiscal year.

● This company will be of major interest to investors in search of a high dividend stock.

● Sales forecast by analysts have been recently revised upwards.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 170.98 USD


Weaknesses

● The firm trades with high earnings multiples: 27.04 times its 2018 earnings per share.

Zonebourse.com 2018
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