Starbucks Corporation (SBUX) : Zacks Investment Research ranks Starbucks Corporation (SBUX) as 3, which is a Hold recommendation. 12 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.58, which indicates as a Buy.
Starbucks Corporation (SBUX) : The consensus price target for Starbucks Corporation (SBUX) is $66.53 for the short term with a standard deviation of $3.69. The most optimist securities analyst among the 17 who monitor the stock believes that the stock can reach $72, however, the pessimist price target for the company is $58.
For the current week, the company shares have a recommendation consensus of Buy. Starbucks Corporation (NASDAQ:SBUX): The stock opened at $55.75 on Thursday but the bulls could not build on the opening and the stock topped out at $55.96 for the day. The stock traded down to $55.46 during the day, due to lack of any buying support eventually closed down at $55.47 with a loss of -0.27% for the day. The stock had closed at $55.62 on the previous day. The total traded volume was 6,191,412 shares.
In a related news, The Securities and Exchange Commission has divulged that Ullman Myron E Iii, director of Starbucks Corp, had unloaded 12,654 shares at an average price of $58.7 in a transaction dated on July 26, 2016. The total value of the transaction was worth $742,790.
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.