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Starbucks (NASDAQ:SBUX)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Tuesday. They currently have a $79.00 target price on the stock. Zacks‘s price target would indicate a potential upside of 5.08% from the stock’s previous close.

Zacks’ analyst wrote, “Though Starbucks could only meet the Zacks Consensus Estimate for earnings and missed the same for revenues in the second quarter of fiscal 2014, its strong comps despite severe winter conditions caught investors’ attention. Moreover, Starbucks raised its full-year earnings outlook and expressed a bullish overall tone based on the healthy first-half performance. Overall, we are encouraged by Starbucks’ strong global retail footprint, successful food/beverage innovations, impressive loyalty program and digital offerings, rapid growth in international markets and solid turnaround in Europe. Moreover, La Boulange, Evolution Fresh, Teavana, and K-Cups innovations offer compelling long-term growth drivers. However, difficult consumer spending environment in the U.S., macro challenges in Europe and rising commodity costs keep us on the sidelines.”

Shares of Starbucks (NASDAQ:SBUX) traded down 1.00% during mid-day trading on Tuesday, hitting $74.43. The stock had a trading volume of 1,421,263 shares. Starbucks has a one year low of $63.18 and a one year high of $82.50. The stock’s 50-day moving average is $71.65 and its 200-day moving average is $74.09. The company has a market cap of $56.031 billion and a P/E ratio of 383.57.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Starbucks will post $2.67 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Standpoint Research initiated coverage on shares of Starbucks in a research note on Wednesday, May 28th. They set a “sell” rating on the stock. Separately, 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. 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $86.00.

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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