Starbucks Corp. Coverage Initiated by Analysts at Credit Suisse (SBUX)
Analysts at Credit Suisse began coverage on shares of Starbucks Corp. (NASDAQ:SBUX) in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. The firm set an “outperform” rating on the stock.
A number of other firms have also recently commented on SBUX. Analysts at Zacks reiterated a “neutral” rating on shares of Starbucks Corp. in a research note to investors on Thursday, December 26th. They now have a $82.00 price target on the stock. Separately, analysts at Stephens downgraded shares of Starbucks Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, December 16th. They now have a $85.00 price target on the stock, down previously from $95.00. They noted that the move was a valuation call. Finally, analysts at TheStreet downgraded shares of Starbucks Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Starbucks Corp. currently has a consensus rating of “Buy” and an average price target of $79.85.
Shares of Starbucks Corp. (NASDAQ:SBUX) traded up 1.37% during mid-day trading on Tuesday, hitting $77.21. The stock had a trading volume of 4,054,275 shares. Starbucks Corp. has a 52-week low of $52.52 and a 52-week high of $82.50. The stock has a 50-day moving average of $78.85 and a 200-day moving average of $75.0. The company has a market cap of $58.185 billion and a price-to-earnings ratio of 7617.00.
Starbucks Corp. (NASDAQ:SBUX) last announced its earnings results on Thursday, October 31st. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.60. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that Starbucks Corp. will post $2.65 earnings per share for the current fiscal year.
Starbucks Corporation is a roaster, marketer and retailer of coffee operating in 60 countries. The Company purchases and roasts coffees that it sells, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through Company-operated stores.
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