Starbucks Co. (NASDAQ:SBUX – Get Free Report)’s stock price reached a new 52-week high on Wednesday after Wells Fargo & Company raised their price target on the stock from $115.00 to $125.00. Wells Fargo & Company currently has an overweight rating on the stock. Starbucks traded as high as $115.24 and last traded at $114.59, with a volume of 10989382 shares changing hands. The stock had previously closed at $113.19.
SBUX has been the topic of a number of other reports. Barclays raised their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Citigroup raised their price target on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.
View Our Latest Stock Report on SBUX
Institutional Trading of Starbucks
Starbucks Trading Up 1.2 %
The company’s 50 day moving average price is $100.58 and its two-hundred day moving average price is $98.00. The stock has a market cap of $130.16 billion, a P/E ratio of 36.96, a PEG ratio of 3.59 and a beta of 1.00.
Starbucks (NASDAQ:SBUX – Get Free Report) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, sell-side analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.
About Starbucks
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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