In a report released yesterday, Edward Kelly from Wells Fargo downgraded Costco (COST) to Hold. The company’s shares closed yesterday at $226.51.
According to TipRanks.com, Kelly is a 4-star analyst with an average return of 5.8% and a 65.7% success rate. Kelly covers the Services sector, focusing on stocks such as United Natural Foods, Sprouts Farmers, and Kroger Company.
Currently, the analyst consensus on Costco is a Moderate Buy with an average price target of $247.08, a 9.1% upside from current levels. In a report issued on December 3, Citigroup also downgraded the stock to Hold with a $238 price target.
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The company has a one-year high of $245.16 and a one-year low of $175.79. Currently, Costco has an average volume of 2.5M.
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.
