Wedbush disclosed Starbucks (NASDAQ:SBUX), lowering its target price to $65.00 earlier today
- Updated: September 27, 2016
Wedbush lowered the target price of Starbucks (NASDAQ:SBUX) to $65.00 reporting a possible upside of 0.20%.
Displaying a price of $54.19, Starbucks (NASDAQ:SBUX) traded 0.28% higher on the day. With the last stock price close down -4.46% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. SBUX has recorded a 50-day moving average of $55.26 and a 200-day moving average of $56.72. 6,469,136 shares of SBUX traded, down from an avg. volume of 8,923,940
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Starbucks has 52 week low of $52.63 and a 52 week high of $64.00 with a P/E ratio of 30.44 and has a total market value of $0.
A total of 23 firms have issued a report on SBUX. Thirteen equity analysts rating the company a strong buy, eleven brokerages rating the stock a buy, 5 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally zero equity analysts rating the company a sell with a one year target of $68.13.
Brief Synopsis On 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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