Starbucks Coverage Initiated at Standpoint Research (SBUX)
Equities research analysts at Standpoint Research assumed coverage on shares of Starbucks (NASDAQ:SBUX) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “sell” rating on the stock.
SBUX has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Starbucks in a research note on Wednesday, April 30th. They now have a $84.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Starbucks in a research note on Monday, April 28th. They now have a $75.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Starbucks in a research note on Friday, April 25th. They now have a $84.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $85.80.
Shares of Starbucks (NASDAQ:SBUX) opened at 73.66 on Wednesday. Starbucks has a 52 week low of $62.31 and a 52 week high of $82.50. The stock has a 50-day moving average of $70.66 and a 200-day moving average of $74.47. The company has a market cap of $55.451 billion and a price-to-earnings ratio of 375.82.
Starbucks (NASDAQ:SBUX) last released its earnings data on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.56. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the company posted $0.48 earnings per share. Starbucks’s revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Starbucks will post $2.67 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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