Starbucks Corporation (SBUX) : Analyst Rating Update

Starbucks Corporation (SBUX) : 12 brokerage houses believe that Starbucks Corporation (SBUX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Starbucks Corporation (SBUX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 18 Wall Street Analysts endorse the stock as a Buy with a rating of 1.58.

Starbucks Corporation (SBUX) : The highest short term price target forecast on Starbucks Corporation (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.

Starbucks Corporation (NASDAQ:SBUX): The stock opened at $56.52 on Wednesday but the bulls could not build on the opening and the stock topped out at $57.11 for the day. The stock traded down to $56.32 during the day, due to lack of any buying support eventually closed down at $56.75 with a loss of -0.04% for the day. The stock had closed at $56.77 on the previous day. The total traded volume was 8,474,188 shares.

Also, Brokerage firm Goldman Sachs maintains its rating on Starbucks Corporation (NASDAQ:SBUX). As per the latest information, the brokerage house raises the price target to $72 per share from a prior target of $69. The shares have been rated Buy. The rating by the firm was issued on May 4, 2016. The company shares have rallied 6.33% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $64.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $55.31 and the 200 Day Moving Average price is recorded at $57.68.

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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