Starbucks Corp. [SBUX] stock prices are up 0.38% to $96.82 at the moment. 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 1.87% over the last week, with a monthly amount glided 1.40%, 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 October 17, 2024, when Morgan Stanley reiterated its Overweight rating and also boosted its price target to $115 from $98. Previously, BTIG Research reaffirmed its Buy rating on October 17, 2024, and elevated its price target to $115. On September 26, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $115 on the stock. Jefferies downgraded its rating to a Underperform and decreased its price target to $76 on September 24, 2024. BofA Securities reiterated its recommendation of a Buy and raised its price target to $118 on September 18, 2024. DZ Bank downgraded its rating to Sell for this stock on August 21, 2024, but kept the price target unchanged to $85. In a note dated August 14, 2024, Stifel upgraded an Buy rating on this stock and boosted its target price from $80 to $110.
The stock price of Starbucks Corp. [SBUX] has been fluctuating between $71.55 and $107.66 over the past year. Currently, Wall Street analysts expect the stock to reach $110.79 within the next 12 months. Starbucks Corp. [NASDAQ: SBUX] shares were valued at $96.82 at the most recent close of the market. An investor can expect a potential return of 14.43% based on the average SBUX price forecast.
Analyzing the SBUX fundamentals
The Starbucks Corp. [NASDAQ:SBUX] reported sales of 36.45B for trailing twelve months, representing a drop of -0.62%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 96.11 points at the first support level, and at 95.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.36, and for the 2nd resistance point, it is at 97.90.
Ratios To Look Out For
It’s worth pointing out that Starbucks Corp. [NASDAQ:SBUX]’s Current Ratio 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 3.01 and price to earnings (TTM) ratio is 27.14.
Transactions by insiders
Recent insider trading involved KNUDSTORP JORGEN VIG, Director, that happened on Sep 06 ’24 when 380.0 shares were purchased. Former Officer and Director, Narasimhan Laxman completed a deal on Aug 27 ’24 to buy 39678.0 shares. Meanwhile, ceo, North America Conway Michael Aaron sold 3250.0 shares on Aug 15 ’24.
