Argus downgraded Starbucks Corporation (NASDAQ:SBUX) from Buy to Hold in a report released today.
- Updated: February 11, 2017
Yesterday Starbucks Corporation (NASDAQ:SBUX) traded 0.73% higher at $55.81. The company’s 50-day moving average is $56.69 and its 200-day moving average is $55.71. The last closing price is up 0.91% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time period. 11,178,950 shares of Starbucks Corporation were exchanged, up from an average trading volume of 9,275,650
Argus has downgraded Starbucks Corporation (NASDAQ:SBUX) from Buy to Hold in a report released on 2/10/2017.
Previously on Monday January 30, 2017, Vetr Inc. reported on Starbucks Corporation (NASDAQ:SBUX) increased the target price from $0.00 to $63.69. At the time, this indicated a possible upside of 0.14%.
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Starbucks Corporation has a price-earnings ratio of 28.83 with a one year low of $50.84 and a one year high of $61.64 SBUX’s total market value is presently $0.
A total of 23 brokerages have issued a ratings update on Starbucks Corporation. 13 firms rating the stock a strong buy, 11 firms rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a 12-month price target of $68.13.
General Company Details For Starbucks Corporation (NASDAQ:SBUX)
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development. The Company's Americas, CAP, and EMEA segments include both company-operated and licensed stores. Its Channel Development segment includes roasted whole bean and ground coffees, Tazo teas, Starbucks- and Tazo-branded single-serve products, a range of ready-to-drink beverages, such as Frappuccino, Starbucks Doubleshot and Starbucks Refreshers beverages and other branded products sold across the world through channels, such as grocery stores, warehouse clubs, specialty retailers, convenience stores and the United States foodservice accounts.
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