The trading price of Starbucks Corp (NASDAQ:SBUX) floating lower at last check on current market day and closing at $114.46, -0.82% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 36.99. In examining the 52-week price action we see that the stock hit a 52-week high of $117.46 and a 52-week low of $71.55. Over the past month, the stock has gained 6.30% in value.
Starbucks Corp, whose market valuation is $130.02 billion at the time of this writing, is expected to release its quarterly earnings report in April. The dividend yield on the company stock is 2.06%, while its Forward Dividend ratio is 2.36. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.51 per share this quarter, however they have predicted annual earnings per share of 2.96 for current year and 3.66 for next year.
Analysts have forecast the company to bring in revenue of 8.9B for the current quarter, with the likely lows of 8.74B and highs of 9.07B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 37.43B.
On the technical side, indicators suggest SBUX has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SBUX a recommendation rating is 32. Out of them, 10 rate it a Hold, while 20 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Starbucks Corp (SBUX) as Underweight, while 2 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.19, which symbolizes a positive outlook. A quick review shows that SBUX’s price is currently 1.32% off the SMA20 and 11.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.07, and weekly volatility stands at 2.33%. When measured over the past 30 days, the indicator reaches 1.96%. Starbucks Corp (NASDAQ:SBUX)’s beta value is currently sitting at 0.94, while the Average True Range indicator is currently displaying 2.26. With analysts defining $76-$132.5 as the low and high price targets, we arrive at a consensus price target of $105 for the trailing 12-month period. The current price is about 33.6% off the estimated low and -15.76% off the forecast high, based on this estimate. Investors will be thrilled if SBUX’s share price rises to $105, which is the median consensus price. At that level, SBUX’s share price would be 8.26% above current price.
To see how Starbucks Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: SBUX stock’s performance was -0.82% at last check in today’s session, and 20.61% in the past year, while Coca-Cola Co. (KO) has been trading 1.56%% in recent session and positioned 21.51% higher than it was a year ago. Starbucks Corp has a P/E ratio of 36.99, compared to Coca-Cola Co.’s 29.39 and PepsiCo Inc.’s 22.91.
An evaluation of the daily trading volume of Starbucks Corp (NASDAQ:SBUX) indicates that the 3-month average is 9.62 million.
Currently, records show that 1.14 billion of the company’s shares remain outstanding. The insiders hold 0.20% of outstanding shares, whereas institutions hold 78.58%. However, since the stock’s price has seen 25.44% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
