At the time of writing, Starbucks Corp. [SBUX] stock is trading at $85.42, up 0.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SBUX shares have lost -1.96% over the last week, with a monthly amount drifted -5.22%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Starbucks Corp. [NASDAQ: SBUX] stock has seen the most recent analyst activity on April 12, 2024, when Morgan Stanley reiterated its Overweight rating and also revised its price target to $115 from $120. Previously, Robert W. Baird reaffirmed its Neutral rating on March 18, 2024, and dropped its price target to $100. On January 31, 2024, BTIG Research reiterated its Buy rating and revised its price target to $115 on the stock. Citigroup reiterated its Neutral rating and decreased its price target to $102 on January 18, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $120 on January 16, 2024. Gordon Haskett downgraded its rating to Hold for this stock on January 16, 2024, but kept the price target unchanged to $100. In a note dated December 20, 2023, HSBC Securities initiated an Hold rating and provided a target price of $107 on this stock.
For the past year, the stock price of Starbucks Corp. fluctuated between $84.29 and $115.48. Currently, Wall Street analysts expect the stock to reach $108.24 within the next 12 months. Starbucks Corp. [NASDAQ: SBUX] shares were valued at $85.42 at the most recent close of the market. An investor can expect a potential return of 26.72% based on the average SBUX price forecast.
Analyzing the SBUX fundamentals
According to Starbucks Corp. [NASDAQ:SBUX], the company’s sales were 36.66B for trailing twelve months, which represents an 8.16% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is -0.51 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 84.50 points at the first support level, and at 83.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.27, and for the 2nd resistance point, it is at 87.11.
Ratios To Look Out For
It is important to note that Starbucks Corp. [NASDAQ:SBUX] has a current ratio of 0.70. As well, the Quick Ratio is 0.52, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 2.64 and price to earnings (TTM) ratio is 22.84.
Transactions by insiders
Recent insider trading involved KELLY SARA, evp, chief partner officer, that happened on Mar 21 ’24 when 250.0 shares were sold. evp, chief partner officer, KELLY SARA completed a deal on Feb 21 ’24 to sell 250.0 shares. Meanwhile, group president International Conway Michael Aaron sold 3250.0 shares on Feb 15 ’24.
