Wells Fargo Maintains Their Hold Rating on Costco (COST)

By Jason Carr

In a report released today, Edward Kelly from Wells Fargo maintained a Hold rating on Costco (COSTResearch Report). The company’s shares closed yesterday at $210.64.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 6.3% and a 65.4% success rate. Kelly covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and United Natural Foods.

Costco has an analyst consensus of Strong Buy, with a price target consensus of $242.87, implying a 15.3% upside from current levels. In a report issued on January 8, Barclays also maintained a Hold rating on the stock with a $225 price target.

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Costco’s market cap is currently $92.8B and has a P/E ratio of 28.54. The company has a Price to Book ratio of 7.05.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include groceries, candy, appliances, television and media, automotive supplies, tires, toys, hardware, sporting goods, jewelry, watches, cameras, books, housewares, apparel, health and beauty aids, tobacco, furniture, office supplies, and office equipment.