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Costco (COST) Gets a Hold Rating from Deutsche Bank

Deutsche Bank analyst Krisztina Katai maintained a Hold rating on Costco (COSTResearch Report) on July 7 and set a price target of $525.00. The company’s shares closed last Monday at $498.90.

According to TipRanks.com, Katai is a 2-star analyst with an average return of -0.6% and a 57.1% success rate. Katai covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Grocery Outlet Holding, and United Natural Foods.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Costco with a $563.40 average price target, implying a 12.4% upside from current levels. In a report issued on July 8, MKM Partners also reiterated a Hold rating on the stock with a $517.00 price target.

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Costco’s market cap is currently $222.2B and has a P/E ratio of 39.50.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is neutral 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.

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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