Several investment firms issued their expert ratings on Starbucks Corporation (SBUX) in which Wedbush Maintains Starbucks Corporation (SBUX) to Outperform by settling a price target of $65 on 3/13/17. Finally, Piper Jaffray Companies set a $64.00 target price on shares of Starbucks Corporation and gave the stock a "buy" rating in a research note on Saturday, January 28th.
Other equities analysts have also issued reports about the company. Goldman Sachs Group Inc reissued a "conviction-buy" rating and set a $68.00 target price on shares of Starbucks in a report on Friday, January 27th.
Shares of Starbucks Co.
Among 20 analysts covering Starbucks Corporation (NASDAQ:SBUX), 13 have Buy rating, 0 Sell and 7 Hold. Instinet reiterated a buy rating and set a $70.00 target price on shares of Starbucks in a report on Tuesday, January 3rd. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The stock presently has an average rating of Buy and an average target price of $64.05.
Shares of Starbucks Corporation (NASDAQ:SBUX) opened at 55.06 on Monday. The average numbers of shares are traded in a security per day, during the recent 3-month period. The company's 50-day moving average is $56.75 and its 200-day moving average is $56.04. The Average Volume of the company is 9.8 Million and P/E (price to earnings) ratio is 29.92, while Forward P/E ratio is 23.82. Ashfield Cap Partners Ltd Liability Corporation accumulated 238,336 shares or 1.3% of the stock. Starbucks also was the recipient of unusually large options trading activity on Monday. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. This is an increase of 333% compared to the average volume of 2,054 call options. Comparatively, SBUX posted earnings of $0.47 per share in the same quarter, a year earlier. For the past 5 years, the company's revenue has grown 10.6%, while the company's earnings per share has grown 13.6%. The company earned $5.70 billion during the quarter, compared to analysts' expectations of $5.85 billion. The Return on Investment (ROI) is at 29.5% while it's Return on Equity (ROE) value stands at 51.2%.More news: Fox News 'to sack O'Reilly' over sexual harassment claims
The company reported an impressive total revenue of 21.32 Billion in the last fiscal year. During the same period in the prior year, the business posted $0.46 EPS. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & worldwide copyright & trademark law. If you are viewing this news story on another website, it was illegally stolen and republished in violation of U.S. & worldwide copyright & trademark legislation. The original version of this news story can be read at https://transcriptdaily.com/2017/04/20/starbucks-co-sbux-upgraded-by-stifel-nicolaus-to-buy.html. The shares were sold at an average price of $58.88, for a total transaction of $4,710,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
A number of key analysts, polled by FactSet, shared their views about the current stock momentum. Finally, California State Teachers Retirement System boosted its position in Starbucks by 0.8% in the third quarter. Capital World Investors now owns 34,697,636 shares of the coffee company's stock valued at $1,878,530,000 after buying an additional 8,071,610 shares in the last quarter. Fusion Family Wealth LLC acquired a new position in shares of Starbucks during the fourth quarter worth $123,000. Empirical Financial Services LLC now owns 22,688 shares of the coffee company's stock worth $1,228,000 after buying an additional 1,216 shares during the period. The Financial Institutional ownership of the firm was 87.10% while by insiders was -0.55%.
Putnam Investments LLC cut its position in Starbucks Co. The firm owned 2,374,287 shares of the coffee company's stock after buying an additional 834,500 shares during the period.
Starbucks Corporation (SBUX) jumped 0.46 percent and ended the day at $58.35. The Company plans to release first quarter 2017 results after the close of markets on Tuesday, May 2, 2017. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.