While Starbucks Corp has underperformed by -1.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SBUX rose by 1.60%, with highs and lows ranging from $103.32 to $71.55, whereas the simple moving average jumped by 11.32% in the last 200 days.
On November 15, 2024, RBC Capital Mkts started tracking Starbucks Corp (NASDAQ: SBUX) recommending Outperform. A report published by Redburn Atlantic on November 13, 2024, Downgraded its rating to ‘Sell’ for SBUX. Morgan Stanley also reiterated SBUX shares as ‘Overweight’, quoting a target price of $115 on the company’s shares in a report dated October 17, 2024. BTIG Research Reiterated the rating as Buy on October 17, 2024, but set its price target from $100 to $115. Bernstein September 26, 2024d its ‘Mkt Perform’ rating to ‘Outperform’ for SBUX, as published in its report on September 26, 2024. Jefferies’s report from September 24, 2024 suggests a price prediction of $76 for SBUX shares, giving the stock a ‘Underperform’ rating. BofA Securities also rated the stock as ‘Buy’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of Starbucks Corp (SBUX)
Investors in Starbucks Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $2.32 per share. Further, the quarter-over-quarter decrease in sales is -3.18%, showing a negative trend in the upcoming months.
One of the most important indicators of Starbucks Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 0.56, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and SBUX is recording 7.93M average volume. On a monthly basis, the volatility of the stock is set at 2.07%, whereas on a weekly basis, it is put at 1.88%, with a loss of -3.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $105.50, showing growth from the present price of $98.16, which can serve as yet another indication of whether SBUX is worth investing in or should be passed over.
How Do You Analyze Starbucks Corp Shares?
The Restaurants market is dominated by Starbucks Corp (SBUX) based in the USA. When comparing Starbucks Corp shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 29.69, there is a growth in quarterly earnings of -24.63%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.12%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 78.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SBUX shares are owned by institutional investors to the tune of 78.44% at present.
