In a report released today, Rupesh Parikh from Oppenheimer maintained a Buy rating on Costco (COST), with a price target of $335.00. The company’s shares closed last Tuesday at $285.13.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 13.6% and a 58.9% success rate. Parikh covers the Services sector, focusing on stocks such as United Natural Foods, Sprouts Farmers, and Dollar General.
Costco has an analyst consensus of Moderate Buy, with a price target consensus of $329.94, a 14.8% upside from current levels. In a report issued on March 17, Gordon Haskett Capital Corporation also upgraded the stock to Buy.
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The company has a one-year high of $325.27 and a one-year low of $233.06. Currently, Costco has an average volume of 3.37M.
Based on the recent corporate insider activity of 71 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.
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 food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.
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