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Starbucks (NASDAQ:SBUX) target price lowered to $64.00, reported today by RBC Capital

Starbucks (NASDAQ:SBUX) had its target price lowered to $64.00 by RBC Capital in a report released 10/19/2016. The new target price indicates a possible upside of 0.22% based on the company's last stock close price.

Yesterday Starbucks (NASDAQ:SBUX) traded -0.28% lower at $52.61. The company’s 50-day moving average is $54.13 and its 200-day moving average is $56.08. The last stock close price is down -6.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 6,550,400 shares of the stock were exchanged, down from an average trading volume of 8,493,580

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Starbucks (NASDAQ:SBUX)

Starbucks has a 52 week low of $52.59 and a 52 week high of $64.00 with a P/E ratio of 29.56 The company’s market cap is currently $0.

In addition to RBC Capital reporting its target price, a total of 23 firms have reported on the stock. The consensus target price is $68.13 with 13 firms rating the stock a strong buy, 11 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Starbucks (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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