UBS AG Reiterates Buy on Starbucks (SBUX)
A number of other analysts have also recently weighed in on SBUX. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy (n/a)” rating on shares of Starbucks in a research note to investors on Tuesday. Separately, 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. Finally, 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.
Starbucks opened at 53.05 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 $40.238 billion and a price-to-earnings ratio of 30.29.
Starbucks last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.01. Starbucks’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that Starbucks will post $0.49 EPS next quarter.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of specialty coffee in the world, operating in more than 50 countries.