Analysts at JP Morgan Kept the Same their Past ‘”Overweight”’ rating on Shares Starbucks (NASDAQ:SBUX), Set a $61 Target Price per Share

June 22, 2018 - By Hazel Jackson

Starbucks Corporation (NASDAQ:SBUX) Logo

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.12, from 1.05 in 2017Q4. It is negative, as 61 investors sold Starbucks Corporation shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported.

Pioneer Bankshares N A Or has 0.34% invested in Starbucks Corporation (NASDAQ:SBUX) for 11,470 shares. Raab Moskowitz Asset Mgmt Lc holds 0.91% or 32,069 shares in its portfolio. Guggenheim Ltd Company, a Illinois-based fund reported 1.20 million shares. The Georgia-based Vident Investment Advisory Ltd has invested 0.04% in Starbucks Corporation (NASDAQ:SBUX). Ghp holds 7,029 shares or 0.06% of its portfolio. Brown Advisory Incorporated reported 509,555 shares. Clearbridge Invests Limited Liability reported 0.01% in Starbucks Corporation (NASDAQ:SBUX). Baltimore reported 82,483 shares stake. Hbk Sorce Advisory Ltd Liability Co stated it has 20,704 shares. Fayez Sarofim And Co stated it has 0.03% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Hendley And accumulated 136,189 shares. Regent Management Lc reported 3,543 shares. Moneta Advsrs Lc has 18,306 shares for 0.01% of their portfolio. Hayek Kallen Invest Mgmt has invested 1.78% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Cibc World holds 0.16% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 267,835 shares.

Since January 31, 2018, it had 0 buys, and 3 sales for $13.62 million activity. ULLMAN MYRON E III also sold $740,851 worth of Starbucks Corporation (NASDAQ:SBUX) shares. The insider BURROWS CLIFFORD sold 162,826 shares worth $9.28M.

Starbucks (NASDAQ:SBUX) Rating Reaffirmed

Recently, In a report revealed to investors and clients on Thursday, 21 June, Starbucks (NASDAQ:SBUX) shares have had their “Overweight” Rating restate by stock analysts at JP Morgan, who currently has a $61 target on company. This target by JP Morgan indicates the possibile upside of 20.51 % from the close price.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Among 22 analysts covering Starbucks Corp (NASDAQ:SBUX), 11 have Buy rating, 0 Sell and 11 Hold. Therefore 50% are positive. Starbucks Corp has $72.0 highest and $55 lowest target. $63’s average target is 24.46% above currents $50.62 stock price. Starbucks Corp had 35 analyst reports since December 27, 2017 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, June 20 by Mizuho. The firm has “Hold” rating given on Wednesday, June 20 by BTIG Research. On Friday, January 26 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Outperform” rating given on Tuesday, June 5 by Robert W. Baird. On Friday, January 26 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating given on Friday, January 26 by Cowen & Co. The rating was maintained by BMO Capital Markets on Thursday, January 25 with “Hold”. The firm has “Hold” rating by Barclays Capital given on Friday, January 26. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Overweight” rating by JP Morgan on Thursday, June 21. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Outperform” rating given on Friday, January 26 by William Blair.

The stock decreased 3.06% or $1.6 during the last trading session, reaching $50.62. About 29.45M shares traded or 212.81% up from the average. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since June 22, 2017 and is downtrending. It has underperformed by 20.49% the S&P500.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on July, 26. They expect $0.65 earnings per share, up 18.18 % or $0.10 from last year’s $0.55 per share. SBUX’s profit will be $897.01 million for 19.47 P/E if the $0.65 EPS becomes a reality. After $0.53 actual earnings per share reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts 22.64 % EPS growth.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company has market cap of $69.86 billion. The firm operates in four divisions: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. It has a 16.61 P/E ratio. The Company’s stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, juices, and bottled water; an assortment of fresh food and snack offerings; and various food products, such as pastries, breakfast sandwiches, and lunch items, as well as beverage-making equipment and accessories.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: “Starbucks: $25 Billion To Nowhere” on June 21, 2018, also Nasdaq.com with their article: “What Happened in the Stock Market Today” published on June 20, 2018, Nasdaq.com published: “Canadian Consumers Boycotting American Goods Is a Big Nothing Burger” on June 15, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Nasdaq.com and their article: “Starbucks Stores Closing: SBUX to Shutter 150 Locations in 2019” published on June 20, 2018 as well as Fool.com‘s news article titled: “Starbucks Without Howard Schultz Is Still a Buy” with publication date: June 19, 2018.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: