Friday, 22 September 2023

Business News

Costco (COST) Receives a Rating Update from a Top Analyst – TipRanks Financial Blog

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In a report released on September 14, Scot Ciccarelli from Truist Financial maintained a Buy rating on Costco (COSTResearch Report), with a price target of $597.00. The company’s shares closed yesterday at $562.72.

Ciccarelli covers the Consumer Cyclical sector, focusing on stocks such as Costco, Advance Auto Parts, and Dollar Tree. According to TipRanks, Ciccarelli has an average return of 18.8% and a 72.47% success rate on recommended stocks.

In addition to Truist Financial, Costco also received a Buy from Evercore ISI’s Greg Melich in a report issued on September 8. However, on August 31, D.A. Davidson maintained a Hold rating on Costco (NASDAQ: COST).

See Insiders’ Hot Stocks on TipRanks >>

COST market cap is currently $246.6B and has a P/E ratio of 41.22.

Based on the recent corporate insider activity of 38 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.

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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