Starbucks (NASDAQ: SBUX)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Thursday.
The analysts wrote, “Starbucks Corporation (SBUX) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+ . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.”
Several other analysts have also recently commented on the stock. Analysts at Cleveland Research reiterated a “buy” rating on shares of Starbucks in a research note to investors on Wednesday. Separately, analysts at Lazard Capital Markets raised their price target on shares of Starbucks from $64.00 to $69.00 in a research note to investors on Friday, March 8th. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer reiterated an “outperform” rating on shares of Starbucks in a research note to investors on Thursday, March 7th. They now have a $62.00 price target on the stock.
Nineteen equities research analysts have rated the stock with a buy rating, five have given an overweight rating, and seven have assigned a hold rating to the company’s stock. The stock currently has an average rating of “overweight” and an average price target of $63.19.
Shares of Starbucks (NASDAQ: SBUX) traded down 1.80% during mid-day trading on Thursday, hitting $57.53. Starbucks has a one year low of $43.04 and a one year high of $62.00. The stock’s 50-day moving average is currently $55.79. The company has a market cap of $43.107 billion and a P/E ratio of 31.51.
Starbucks (NASDAQ: SBUX) last announced its earnings results on Thursday, January 24th. The company reported $0.57 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.57. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Starbucks has set its FY13 guidance at $2.06-2.15 EPS. On average, analysts predict that Starbucks will post $2.16 earnings per share for the current fiscal year.
Starbucks Corporation is a roaster, marketer and retailer of coffee operating in 60 countries. The Company purchases and roasts coffees that it sells, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through Company-operated stores.
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