Starbucks Corporation’s stock (NASDAQ:SBUX) has been rated as Buy by Goldman. This latest rating was contained in a recent research note published by the firm on July 29, 2019 and has set a $110 price target for the stock. Some experts on Wall Street have also posted a report on Starbucks Corporation (SBUX) stock.
Robert W. Baird rated the stock as a Neutral in a research noted published on July 29, 2019. JP Morgan rated the stock as a Neutral in a research note published on July 29, 2019.
As it stands, a total of 27 analysts are covering SBUX stock, with 8 of them rating it as a Buy while 0 of them rating it as Overweight. 19 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 0 rated it as a Sell. A look at the overall ratings means that Starbucks Corporation (SBUX) stock has an average rating of Overweight.
Starbucks Corporation (SBUX) which is currently valued at 100.18 billion, with the company publishing its last earnings report on 10/30/2019, for the recent quarter of 2019. In that quarter, the company recorded a revenue of 7.0 billion, which was lower than the forecast of 7.0 billion made by some analysts. For that same quarter, Starbucks Corporation (SBUX) posted $0.75 earnings per share (EPS) which was above the analyst consensus estimate of $0.65 by $0.1, which represents an increase by 15.40%.
The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, SBUX price has surged by 2.97%. A look at its price performance over the past three months sees the stock go down by -12.58%, while it has gain 6.93% over the past six months and 25.17% since the start of the year.
Let us now look at some of its likely support and resistance level. Recent research on Starbucks Corporation (SBUX) has seen its stock trading -14.02% below its three-month high price. A look at the other side also sees stock trading +4.13% above its three-month low. A wider look sees SBUX trading -14.02% below its 52-week high and 39.66% above from its 52-week low price.
Shareholders of the company sometimes like to find out how their investments are growing. Starbucks Corporation (SBUX) has so far given an ROE of -109.50%. When the ROE is low, it means that the company isn’t generating enough profits. The Return on Assets (ROA) ratio meanwhile is an indication of how profitable a company is relative to the total asset it owns. Starbucks Corporation (SBUX)’s ROA at the moment stands at 14.70%. Any company that is managing its assets better will have a higher return while one that manages assets poorly would result in low returns.
Starbucks Corporation (SBUX) has a return on investment (ROI) of 43.90%. The higher the ROI percentage, the higher the profit exceeds the costs, thus analysts consider such investments as an overall gain. A negative ROI, however, means that the cost is higher than the profits, a scenario analysts consider as a net loss.
Let us now take a look at Starbucks Corporation (SBUX)’s trading volatility. Its 7-day volatility is around 1.34%, while it has a monthly volatility of 1.79%. SBUX has an ATR (Average True Range) of 1.41 and a beta factor of 0.50. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.
The price of SBUX lifted by $0.44 during the normal trading session on Thursday to trade at $84.38. The Starbucks Corporation (SBUX) stock has a trading volume of 5.0 million shares, which is low, compared to its average daily volume of 6.49M shares.