A share price of Starbucks Corp. [SBUX] is currently trading at $77.95, up 2.65%. 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 gain 4.38% over the last week, with a monthly amount glided 1.06%, 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 July 16, 2024, when Evercore ISI downgraded its rating to a In-line and also revised its price target to $80 from $92. Previously, Morgan Stanley reaffirmed its Overweight rating on July 12, 2024, and dropped its price target to $98. On July 10, 2024, JP Morgan reiterated its Overweight rating and revised its price target to $90 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $100 on June 13, 2024. DZ Bank downgraded its rating to a Hold but $75 remained the price target by the analyst firm on May 03, 2024. William Blair downgraded its rating to Mkt Perform for this stock on May 01, 2024. In a note dated May 01, 2024, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $108 to $89.
Starbucks Corp. experienced fluctuations in its stock price throughout the past year between $71.55 and $107.66. Currently, Wall Street analysts expect the stock to reach $105.96 within the next 12 months. Starbucks Corp. [NASDAQ: SBUX] shares were valued at $77.95 at the most recent close of the market. An investor can expect a potential return of 35.93% based on the average SBUX price forecast.
Analyzing the SBUX fundamentals
Trailing Twelve Months sales for Starbucks Corp. [NASDAQ:SBUX] were 36.45B which represents -0.62% decline. Gross Profit Margin for this corporation currently stands at 0.25% 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 -0.49 and Total Capital is 0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.14.
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 76.75 points at the first support level, and at 75.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.19, and for the 2nd resistance point, it is at 82.44.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Starbucks Corp. [NASDAQ:SBUX] is 0.89. Also, the Quick Ratio is 0.65, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 2.42 and price to earnings (TTM) ratio is 21.85.
Transactions by insiders
Recent insider trading involved Conway Michael Aaron, ceo, North America, that happened on Jun 14 ’24 when 3250.0 shares were sold. evp, cfo, Ruggeri Rachel completed a deal on May 22 ’24 to sell 3750.0 shares. Meanwhile, evp, chief partner officer KELLY SARA sold 250.0 shares on May 21 ’24.
