Starbucks Given a $74.00 Price Target by Lazard Capital Markets Analysts (SBUX)
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Starbucks in a research note to investors on Monday. Finally, analysts at Cleveland Research reiterated a “buy” rating on shares of Starbucks in a research note to investors on Wednesday, March 13th.
Nineteen research analysts have rated the stock with a buy rating, five have issued an overweight rating, and seven have given a hold rating to the stock. The company has an average rating of “overweight” and a consensus price target of $63.19.
Shares of Starbucks (NASDAQ: SBUX) opened at 57.66 on Monday. 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 $55.97. The company has a market cap of $43.205 billion and a P/E ratio of 31.02.
Starbucks (NASDAQ: SBUX) last issued its quarterly earnings data on Thursday, January 24th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter 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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