Jefferies Group Gives Buy (N/A) Rating to Starbucks (SBUX)
Starbucks opened at 52.41 on Tuesday. Starbucks has a 52-week low of $33.72 and a 52-week high of $62.00. The company has a market cap of $39.753 billion and a price-to-earnings ratio of 30.29.
Starbucks last announced its earnings results on Thursday, April 26th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.01. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts predict that Starbucks will post $0.49 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Bank of America (NYSE: BAC) upgraded shares of Starbucks from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, May 23rd. They now have a $68.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of Starbucks in a research note to investors on Tuesday, May 22nd. They set an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Starbucks in a research note to investors on Monday, April 30th. They now have a $60.00 price target on the stock.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of specialty coffee in the world, operating in more than 50 countries.