Starbucks Corporation (NASDAQ:SBUX) target price lowered to $64.00, reported today by RBC Capital Markets
- Updated: October 19, 2016
RBC Capital Markets bumped down the target of Starbucks Corporation (NASDAQ:SBUX) to $64.00 stating a potential upside of 0.22%.
Boasting a price of $52.61, Starbucks Corporation (NASDAQ:SBUX) traded -0.28% lower on the day. With the last stock price close down -6.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. SBUX has recorded a 50-day average of $54.13 and a two hundred day average of $56.08. Trade Volume was down over the average, with 6,550,400 shares of SBUX changing hands under the typical 8,493,580
Recent Performance Chart
Starbucks Corporation has PE ratio of 29.56 with a one year low of $52.59 and a one year high of $64.00 and has a market capitalization of $0.
A total of 23 analysts have released a report on the company. 13 brokerages rating the stock a strong buy, 11 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $68.13.
Brief Synopsis On Starbucks Corporation (NASDAQ:SBUX)
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, Seattle's 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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