Somewhat Favorable News Coverage Somewhat Unlikely to Affect Starbucks Corporation (SBUX) Share Price
News stories about Starbucks Corporation (NASDAQ:SBUX) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Starbucks Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the coffee company an impact score of 44.7651680184167 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Starbucks Corporation (SBUX) Expected to Announce Quarterly Sales of $5.79 Billion (americanbankingnews.com)
- Starbucks Corporation (SBUX) Stock Rating Reaffirmed by Morgan Stanley (americanbankingnews.com)
- Why Howard Schultz has Bill Gates Sr. to thank for being able to buy Starbucks (cnbc.com)
- Why Did Starbucks Shut Down Its Online Store? (fool.com)
- Starbucks Corporation (SBUX) Expected to Post Earnings of $0.55 Per Share (americanbankingnews.com)
A number of brokerages recently issued reports on SBUX. UBS AG set a $70.00 price objective on shares of Starbucks Corporation and gave the company a “buy” rating in a report on Wednesday, June 28th. Wedbush reissued a “hold” rating on shares of Starbucks Corporation in a report on Friday, July 28th. BTIG Research reissued a “buy” rating and issued a $64.00 price objective on shares of Starbucks Corporation in a report on Sunday, July 30th. Instinet reissued a “buy” rating and issued a $67.00 price objective (down previously from $70.00) on shares of Starbucks Corporation in a report on Sunday, July 30th. Finally, Stephens reissued an “equal weight” rating and issued a $52.00 price objective (down previously from $58.00) on shares of Starbucks Corporation in a report on Friday, September 29th. They noted that the move was a valuation call. Thirteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Starbucks Corporation has an average rating of “Buy” and a consensus price target of $64.34.
Shares of Starbucks Corporation (NASDAQ SBUX) opened at 53.93 on Thursday. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87. The company’s 50 day moving average is $54.26 and its 200-day moving average is $57.77. The stock has a market capitalization of $77.87 billion, a price-to-earnings ratio of 27.22 and a beta of 0.78.
Starbucks Corporation (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. Starbucks Corporation’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Equities analysts anticipate that Starbucks Corporation will post $2.06 earnings per share for the current fiscal year.
In related news, insider John Culver sold 64,776 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the transaction, the insider now directly owns 390,341 shares of the company’s stock, valued at approximately $20,898,857.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Myron E. Ullman III sold 22,966 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.41, for a total value of $1,226,614.06. Following the transaction, the director now directly owns 36,966 shares in the company, valued at $1,974,354.06. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
About Starbucks Corporation
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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