Merrill Lynch analyst Robert Ohmes reiterated a Buy rating on Costco (COST) today and set a price target of $255. The company’s shares closed yesterday at $226.51.
According to TipRanks.com, Ohmes is a 2-star analyst with an average return of 0.3% and a 49.4% success rate. Ohmes covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Sprouts Farmers, and Kroger Company.
Costco has an analyst consensus of Moderate Buy, with a price target consensus of $242.79, a 7.2% upside from current levels. In a report issued on December 10, Robert W. Baird also reiterated a Buy rating on the stock with a $250 price target.
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Costco’s market cap is currently $99.25B and has a P/E ratio of 31.90. The company has a Price to Book ratio of 7.75.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock.
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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.
