In a report released today, Jeff Bernstein from Barclays maintained a Buy rating on Starbucks (SBUX – Research Report), with a price target of $112.00. The company’s shares closed yesterday at $87.15.
Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Shake Shack, and Dine Brands Global. According to TipRanks, Bernstein has an average return of 7.5% and a 62.68% success rate on recommended stocks.
In addition to Barclays, Starbucks also received a Buy from Guggenheim’s Gregory Francfort in a report issued yesterday. However, on the same day, Gordon Haskett Capital Corporation maintained a Hold rating on Starbucks (NASDAQ: SBUX).
The company has a one-year high of $112.99 and a one-year low of $84.29. Currently, Starbucks has an average volume of 8.67M.
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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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