At the time of writing, Starbucks Corp [SBUX] stock is trading at $94.43, up 1.45%. 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 1.98% over the last week, with a monthly amount drifted -3.07%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Redburn Atlantic downgraded its rating to Sell on November 13, 2024, and dropped its price target to $77. On October 17, 2024, Morgan Stanley reiterated its Overweight rating and revised its price target to $115 on the stock. BTIG Research reiterated its Buy rating and increased its price target to $115 on October 17, 2024. Bernstein upgraded its rating to a Outperform and raised its price target to $115 on September 26, 2024. Jefferies downgraded its rating to Underperform for this stock on September 24, 2024, and downed its price target to $76. In a note dated September 18, 2024, BofA Securities reiterated an Buy rating on this stock and boosted its target price from $112 to $118.
For the past year, the stock price of Starbucks Corp fluctuated between $71.55 and $103.32. Currently, Wall Street analysts expect the stock to reach $103.38 within the next 12 months. Starbucks Corp [NASDAQ: SBUX] shares were valued at $94.43 at the most recent close of the market. An investor can expect a potential return of 9.48% based on the average SBUX price forecast.
Analyzing the SBUX fundamentals
According to Starbucks Corp [NASDAQ:SBUX], the company’s sales were 36.15B for trailing twelve months, which represents an -3.18% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is -0.46 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.46.
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 93.28 points at the first support level, and at 92.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.18, and for the 2nd resistance point, it is at 95.92.
Ratios To Look Out For
It is important to note that Starbucks Corp [NASDAQ:SBUX] has a current ratio of 0.75. As well, the Quick Ratio is 0.56, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 2.96 and price to earnings (TTM) ratio is 28.56.
Transactions by insiders
Recent insider trading involved KELLY SARA, evp, chief partner officer, that happened on Nov 29 ’24 when 19102.0 shares were sold. Officer, KELLY SARA completed a deal on Nov 29 ’24 to buy 19102.0 shares. Meanwhile, Officer Conway Michael Aaron bought 24884.0 shares on Nov 25 ’24.
