Robert W. Baird analyst Peter Benedict maintained a Buy rating on Costco (COST – Research Report) on September 22 and set a price target of $575.00. The company’s shares closed last Friday at $466.40.
According to TipRanks, Benedict is a 5-star analyst with an average return of 13.3% and a 63.17% success rate. Benedict covers the Consumer Goods sector, focusing on stocks such as Costco, Home Depot, and Walmart.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Costco with a $566.53 average price target, a 21.47% upside from current levels. In a report released on September 23, BMO Capital also reiterated a Buy rating on the stock with a $600.00 price target.
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COST market cap is currently $206.6B and has a P/E ratio of 35.50.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COST in relation to earlier this year.
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Incorporated in 1983, Costco Wholesale Corp. operates an international chain of membership-only warehouse clubs. It sells product categories, including groceries, appliances, automotive supplies, toys, hardware, sporting goods, books, housewares, and apparel among others. The company is based in Issaquah, Washington.
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