Zacks Investment Research downgraded Starbucks Corporation (NASDAQ:SBUX) to Sell in a report released today.
- Updated: September 25, 2016
Zacks Investment Research has downgraded Starbucks Corporation (NASDAQ:SBUX) to Sell in a report released on 09/21/2016.
Yesterday Starbucks Corporation (NASDAQ:SBUX) traded 0.07% higher at $53.30. SBUX’s 50-day average is $55.35 and its two hundred day average is $56.78. With the last close down -4.13% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 6,945,147 shares of SBUX changing hands under the typical 9,112,410
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Starbucks Corporation has a 52 week low of $52.63 and a 52 week high of $64.00 with a P/E ratio of 30.58 SBUX’s total market value is presently $0.
A total of 23 equity analysts have released a ratings update on SBUX. 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 zero analysts rating the company a sell with a 12-month price target of $68.13.
More About 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.