Starbucks Corp. [SBUX] stock prices are up 2.11% to $81.33 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SBUX shares have lost -0.33% over the last week, with a monthly amount glided 8.04%, and 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 June 13, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $100. Previously, DZ Bank downgraded its rating to Hold on May 03, 2024, and kept the price target unchanged to $75. On May 01, 2024, downgrade downgraded it’s rating to Mkt Perform. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $89 on May 01, 2024. Morgan Stanley reiterated its recommendation of a Overweight and reduced its price target to $115 on April 12, 2024. Robert W. Baird reiterated a Neutral rating for this stock on March 18, 2024, and downed its price target to $100. In a note dated January 31, 2024, BTIG Research reiterated an Buy rating on this stock and revised its target price from $125 to $115.
The stock price of Starbucks Corp. [SBUX] has been fluctuating between $71.80 and $107.66 over the past year. Currently, Wall Street analysts expect the stock to reach $106.35 within the next 12 months. Starbucks Corp. [NASDAQ: SBUX] shares were valued at $81.33 at the most recent close of the market. An investor can expect a potential return of 30.76% based on the average SBUX price forecast.
Analyzing the SBUX fundamentals
The Starbucks Corp. [NASDAQ:SBUX] reported sales of 36.50B for trailing twelve months, representing a drop of -1.84%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is -0.5 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.01.
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 79.82 points at the first support level, and at 78.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.30, and for the 2nd resistance point, it is at 83.26.
Ratios To Look Out For
It’s worth pointing out that Starbucks Corp. [NASDAQ:SBUX]’s Current Ratio is 0.86. Also, the Quick Ratio is 0.63, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 2.52 and price to earnings (TTM) ratio is 22.40.
Transactions by insiders
Recent insider trading involved Ruggeri Rachel, evp, cfo, that happened on May 22 ’24 when 3750.0 shares were sold. evp, chief partner officer, KELLY SARA completed a deal on May 21 ’24 to sell 250.0 shares. Meanwhile, evp, chief partner officer KELLY SARA sold 250.0 shares on Apr 22 ’24.
