In a report released today, Andrew Charles from TD Cowen maintained a Hold rating on Starbucks (SBUX – Research Report), with a price target of $102.00. The company’s shares closed last Friday at $90.12.
According to TipRanks, Charles is a 5-star analyst with an average return of 12.1% and a 62.54% success rate. Charles covers the Consumer Cyclical sector, focusing on stocks such as Restaurant Brands International, Jack In The Box, and Starbucks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Starbucks with a $107.58 average price target, which is a 19.37% upside from current levels. In a report released on March 15, Robert W. Baird also maintained a Hold rating on the stock with a $100.00 price target.
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Based on Starbucks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.43 billion and a net profit of $1.02 billion. In comparison, last year the company earned a revenue of $8.71 billion and had a net profit of $855.2 million
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Starbucks (SBUX) Company Description:
Founded in 1985, Starbucks Corp. is a Washington-based roaster and retailer of specialty coffee, with over 30,000 stores in 80 markets. It operates through three segments, including Americas, International and Channel Development. Starbucks stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, food items such as pastries, sandwiches, salads, oatmeals, as well as a variety of merchandise. The company’s leading brands include Evolution Fresh, Teavana, Tazo Tea and Seattle’s Best.
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