Starbucks Corporation (SBUX) : The consensus on Starbucks Corporation (SBUX) based on 18 analyst recommendation on the company stock is 1.58, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Starbucks Corporation (SBUX) : The consensus price target for Starbucks Corporation (SBUX) is $66.44 for the short term with a standard deviation of $3.79. The most optimist securities analyst among the 16 who monitor the stock believes that the stock can reach $72, however, the pessimist price target for the company is $58.
Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Starbucks Corporation (NASDAQ:SBUX). Goldman Sachs has a Buy rating on the shares. The rating by the firm was issued on July 26, 2016.
Starbucks Corporation (NASDAQ:SBUX): After opening at $53.96, the stock dipped to an intraday low of $53.54 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $54.13 and the buying power remained strong till the end. The stock closed at $54.11 for the day, a gain of 0.39% for the day session. The total traded volume was 8,080,426. The stocks close on the previous trading day was $53.9.
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.