Starbucks Corporation (NASDAQ:SBUX) : The highest short term price target forecast on Starbucks Corporation (NASDAQ:SBUX) is $75 and the lowest target price is $58. A total of 17 equity analysts are currently covering the company. The average price of all the analysts is $67.47 with a standard deviation of $4.02.
Shares of Starbucks Corporation rose by 1.76% in the last five trading days and 4.2% for the last 4 weeks. Starbucks Corporation has dropped 6.06% during the last 3-month period . Year-to-Date the stock performance stands at -4.2%. Also, Major Brokerage house, Goldman Sachs maintains its ratings on Starbucks Corporation (NASDAQ:SBUX). In the latest research report, Goldman Sachs raises the target price from $69 per share to $72 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on May 4, 2016.
Starbucks Corporation (NASDAQ:SBUX) : 19 analysts are covering Starbucks Corporation (NASDAQ:SBUX) and their average rating on the stock is 1.55, which is read as a Buy. 13 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Starbucks Corporation (NASDAQ:SBUX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Starbucks Corporation (NASDAQ:SBUX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.81 and $56.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.12, notching a gain of 0.67% for the day. The total traded volume was 10,215,193 . The stock had closed at $56.74 on the previous day.
In an insider trading activity,The director of Starbucks Corp, Ullman Myron E Iii sold 20,000 shares at $55.46 on June 9, 2016. The Insider selling transaction had a total value worth of $1,109,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts. It operates through four segment: Americas, which includes the United States, Canada, and Latin America; Europe, Middle East, and Africa (EMEA); China/Asia Pacific (CAP), and Channel Development. In addition to its Starbucks Coffee brand, it also sells goods and services under the brands, including Teavana, Tazo, Seattles Best Coffee, Evolution Fresh, La Boulange and Ethos. Its Americas, EMEA, and CAP segments include both Company-operated and licensed stores. The Americas and EMEA segments include certain foodservice accounts, primarily in Canada and the United Kingdom.