Published: Fri, November 04, 2016
Economy | By Melissa Porter

Starbucks Corp. (SBUX) Given "Neutral" Rating at Credit Suisse Group AG

Starbucks Corp. (SBUX) Given

Morgan Stanley restated a "buy" rating and set a $64.00 price target on shares of Starbucks a report on Sunday, August 14th.

A number of other equities research analysts have also issued reports on SBUX. Credit Suisse Group AG now has a $58.00 price target on the coffee company's stock. Analysts polled by Thomson Reuters expected earnings of $0.55 per share for the quarter.

Covering research analysts have taken a stance on where they see Starbucks Corporation (NASDAQ:SBUX) moving in the future.

Credit Agricole has a Buy rating with a $68 price target. Piper Jaffray Cos. reiterated an outperform rating and issued a $72.00 price objective on shares of Starbucks a research report on Friday, July 22nd. In a research note issued on April 12, 2016, analysts at downgraded the stock to Hold from Buy. If the company has a ratings score of 1, this would represent a Strong Buy.

Wedbush has an Outperform rating with a $65 price target.

Shares of Starbucks Corp. Vanguard Group Inc. now owns 86,325,173 shares of the coffee company's stock worth $4,930,894,000 after buying an additional 715,837 shares during the period.

After a look at recent stock performance, shares have traded $-1.24 off of the 50-day moving average of $53.60 and $-3.27 off of the 200-day moving average of $55.63.

The stock has a market capitalization of $77.70 billion, a PE ratio of 29.76 and a beta of 0.77. Starbucks Corporation makes up approx 0.88% of Wendell David Associates Inc's portfolio.Hollencrest Securities reduced its stake in SBUX by selling 2,034 shares or 18.61% in the most recent quarter. Farmers National Bank acquired a new stake in Starbucks Corp. during the second quarter worth approximately $101,000.

Starbucks Corporation registered revenue surprise of $-112.23 on per share basis or -2.1% in percentage basis in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Starbucks Corp. during the second quarter valued at about $123,000. Finally, Proficio Capital Partners LLC boosted its position in Starbucks 5.2% in the second quarter.

For the quarter, Starbucks posted net earnings of $801 million, or 54 cents per share, up from $652.5 million, or 43 cents per share, a year ago.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Starbucks Corporation (NASDAQ:SBUX) stands at 12.35 while the industry's and the sector's growth for next 5 years ticked at 14.32 and 7.98 respectively. The companys stores also provide fresh food and snack offerings; and various food products, such as pastries, and breakfast sandwiches and lunch items, as well as serve ware, beverage-making equipment, and accessories.

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