A share price of Starbucks Corp. [SBUX] is currently trading at $98.60, up 3.11%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SBUX shares have gain 6.01% over the last week, with a monthly amount glided 31.12%, 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 August 21, 2024, when DZ Bank downgraded its rating to a Sell but kept the price target unchanged to $85 for it. Previously, Stifel upgraded its rating to Buy on August 14, 2024, and elevated its price target to $110. On August 14, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $120 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $118 on August 14, 2024. TD Cowen upgraded its rating to a Buy and raised its price target to $105 on August 13, 2024. Robert W. Baird upgraded its rating to Outperform for this stock on August 13, 2024, but kept the price target unchanged to $110. In a note dated August 13, 2024, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $85 to $103.
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 $106.7 within the next 12 months. Starbucks Corp. [NASDAQ: SBUX] shares were valued at $98.60 at the most recent close of the market. An investor can expect a potential return of 8.22% 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 96.33 points at the first support level, and at 94.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.80, and for the 2nd resistance point, it is at 100.99.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Starbucks Corp. [NASDAQ:SBUX] is 0.89. As well, the Quick Ratio is 0.65, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 3.07 and price to earnings (TTM) ratio is 27.64.
Transactions by insiders
Recent insider trading involved Narasimhan Laxman, Former Officer and Director, that happened on Aug 27 ’24 when 39678.0 shares were purchased. ceo, North America, Conway Michael Aaron completed a deal on Aug 15 ’24 to sell 3250.0 shares. Meanwhile, interim ceo and evp, cfo Ruggeri Rachel sold 3290.0 shares on Aug 13 ’24.
