Equities research analysts at Stifel Nicolaus initiated coverage on shares of Starbucks Corp. (NASDAQ: SBUX) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
A number of other analysts have also recently weighed in on SBUX. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Starbucks Corp. in a research note to investors on Friday, July 12th. They now have a $78.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Starbucks Corp. in a research note to investors on Wednesday, July 10th. Finally, analysts at Argus raised their price target on shares of Starbucks Corp. from $70.00 to $77.00 in a research note to investors on Tuesday, July 9th. They now have a “buy” rating on the stock.
Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $67.32.
Shares of Starbucks Corp. (NASDAQ: SBUX) traded down 0.63% during mid-day trading on Tuesday, hitting $69.085. Starbucks Corp. has a one year low of $43.04 and a one year high of $69.90. The stock’s 50-day moving average is currently $65.86. The company has a market cap of $51.724 billion and a P/E ratio of 35.33.
Starbucks Corp. (NASDAQ: SBUX) last announced its earnings results on Thursday, April 25th. The company reported $0.48 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.48. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Starbucks Corp. will post $2.18 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.
