TheStreet reissued their buy rating on shares of Starbucks (NASDAQ: SBUX) in a research note released on Monday morning, StockRatingsNetwork reports.
“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, growth in earnings per share, increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.,” the firm’s analyst wrote.
A number of other analysts have also recently weighed in on SBUX. Analysts at Janney Montgomery Scott reiterated a buy rating on shares of Starbucks in a research note to investors on Wednesday, June 5th. They now have a $75.00 price target on the stock. Separately, analysts at Barclays Capital reiterated an equal weight rating on shares of Starbucks in a research note to investors on Tuesday, May 28th. They now have a $65.00 price target on the stock.
Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $64.96.
Starbucks (NASDAQ: SBUX) traded up 0.14% on Monday, hitting $65.51. Starbucks has a 52-week low of $43.04 and a 52-week high of $61.15. The stock’s 50-day moving average is currently $57.73. The company has a market cap of $49.047 billion and a price-to-earnings ratio of 33.24.
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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