The shares of Costco Wholesale Corporation (NASDAQ:COST) has been pegged with a rating of Buy by Argus in its latest research note that was published on December 24th, 2018. The research company has also assigned a $245 price target. Argus wasn’t the only research firm that published a report of Costco Wholesale Corporation, with other equities research analysts also giving their opinion on the stock. Citigroup advised investors in its research note published on December 3rd, 2018, to Neutral the COST stock. The stock had earned Buy rating from Northcoast when it published its report on October 12th, 2018. The stock was given Market Perform rating by Wells Fargo in its report released on September 14th, 2018. Telsey Advisory Group was of a view that COST is Outperform in its latest report on September 5th, 2018 while giving it a price target of $250. Argus thinks that COST is worth Buy rating. This was contained in the firm’s report on August 21st, 2018 in which the stock’s price target was also moved to $255.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 11 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $238.13. The price of the stock the last time has raised by 29.31% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 73.44.
The shares of the company dipped by -1.07% during the trading session on Thursday, reaching a low of $233.28 while ending the day at $233.84. During the trading session, a total of 2.13 million shares were traded which represents a 16.49% incline from the average session volume which is 2.55M shares. COST had ended its last session trading at 236.38. Costco Wholesale Corporation currently has a market cap of $102.69B, while its P/E ratio stands at 31.78, while its P/E earnings growth sits at 0.71, with a beta of 0.94. Costco Wholesale Corporation debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 0.50. COST 52-week low price stands at $180.83 while its 52-week high price is $245.16.
The company in its last quarterly report recorded $2.01 earnings per share which is above the $1.70 predicted by most analysts. The Costco Wholesale Corporation generated $35,396.00 million in revenue during the last quarter, which is slightly lower than the $35,669.70 million predicted by analysts. In the second quarter last year, the firm recorded $1.61 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 19.9%. Costco Wholesale Corporation has the potential to record 7.36 EPS for the current fiscal year, according to equities analysts.
Investment analysts at UBS published a research note on February 14th, 2019 where it informed investors and clients that Align Technology, Inc. (NASDAQ:ALGN) is now rated as Neutral. Their price target on the stock stands at $275. Citigroup also rated ALGN as Downgrade on December 3rd, 2018, with its price target of $24 suggesting that ALGN could surge by 11.1% from its current share price. Even though the stock has been trading at $252.13/share, analysts expect it to surge higher by -1.80% to reach $278.50/share. It started the day trading at $251.4 and traded between $244.545 and $247.59 throughout the trading session.
A look at its technical shows that ALGN’s 50-day SMA is 232.09 while its 200-day SMA stands at 295.73. The stock has a high of $398.88 for the year while the low is $177.93. The company’s P/E ratio currently sits at 50.30, while the P/B ratio is 15.79. At the moment, only of Align Technology, Inc. shares were sold short. The company’s average trading volume currently stands at 1.46M shares, which means that the short-interest ratio is just 2.25 days. Over the past seven days, the company moved, with its shift of 7.30%. Looking further, the stock has raised 12.40% over the past 90 days while it lost -35.32% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more ALGN shares, decreasing its portfolio by -0.14% during the last quarter. This move now sees The Vanguard Group Inc selling -11,089 shares in the last quarter, thus it now holds 7,898,876 shares of ALGN, with a total valuation of $2,045,571,918. BlackRock Fund Advisors meanwhile bought more ALGN shares in the recently filed quarter, changing its stake to $1,005,345,883 worth of shares. Sands Capital Management LLC followed the path by increasing its ALGN portfolio by +15.50% in the quarter. This means that Sands Capital Management LLC bought 440,909 shares in the last quarter and now controls 3,285,111 shares of the ALGN stock, with the valuation hitting $850,745,196.
Similarly, Renaissance Technologies LLC decreased its Align Technology, Inc. shares by -9.32% during the recently filed quarter. After selling -258,900 shares in the last quarter, the firm now controls 2,519,481 shares of Align Technology, Inc. which are valued at $652,469,995. In the same vein, Wellington Management Co LLP increased its Align Technology, Inc. shares by during the most recent reported quarter. The firm bought 1,274,837 shares during the quarter which increased its stakes to 2,069,364 shares and is now valued at $535,903,195. Following these latest developments, around 0.80% of Align Technology, Inc. stocks are owned by institutional investors and hedge funds.