Brokerage Firm Rating Update on Starbucks Corporation (SBUX)

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) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $72 and the lowest price target forecast is $58. The average forecast of all the analysts is $66.44 and the expected standard deviation is $3.79.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Starbucks Corporation (NASDAQ:SBUX). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on July 26, 2016.

Starbucks Corporation (NASDAQ:SBUX): The stock opened at $56.19 and touched an intraday high of $56.6 on Wednesday. During the day, the stock corrected to an intraday low of $56.12, however, the bulls stepped in and pushed the price higher to close in the green at $56.32 with a gain of 0.54% for the day. The total traded volume for the day was 11,428,644. The stock had closed at $56.02 in the previous trading session.

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.

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