Starbucks Corporation (SBUX) Given Daily Media Impact Rating of 0.14
News stories about Starbucks Corporation (NASDAQ:SBUX) have trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Starbucks Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the coffee company an impact score of 44.0634157320918 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Contrasting The Habit Restaurants (HABT) and Starbucks Corporation (SBUX) (americanbankingnews.com)
- Starbucks Just Made Your Coffee Experience More Innovative (seekingalpha.com)
- America Is Cutting the Cord and TV Stocks Like AT&T Are Finally Getting Hammered (finance.yahoo.com)
- Boo! The ‘pumpkin spice tax’ could scare away your holiday cheer (finance.yahoo.com)
- Audible highlights ordinary heroism with new Starbucks collaboration ‘Upstanders’ (finance.yahoo.com)
A number of equities analysts have recently weighed in on SBUX shares. KeyCorp started coverage on shares of Starbucks Corporation in a research report on Thursday, June 22nd. They issued an “overweight” rating and a $68.00 price objective for the company. Vetr raised shares of Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $67.14 price objective for the company in a research report on Thursday, June 22nd. UBS AG set a $70.00 price objective on shares of Starbucks Corporation and gave the company a “buy” rating in a research report on Wednesday, June 28th. Sanford C. Bernstein reissued an “outperform” rating and issued a $67.00 price objective on shares of Starbucks Corporation in a research report on Wednesday, June 28th. Finally, BidaskClub lowered shares of Starbucks Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Thirteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $64.24.
Starbucks Corporation (SBUX) opened at 55.72 on Monday. The company has a market capitalization of $80.45 billion, a P/E ratio of 28.13 and a beta of 0.78. The firm’s 50-day moving average is $54.63 and its 200-day moving average is $57.73. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87.
Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that Starbucks Corporation will post $2.06 EPS for the current year.
In other Starbucks Corporation news, insider John Culver sold 64,776 shares of Starbucks Corporation stock in a transaction on Friday, September 8th. The shares were sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the sale, the insider now owns 390,341 shares in the company, valued at $20,898,857.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Myron E. Ullman III sold 22,966 shares of Starbucks Corporation stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the sale, the director now owns 36,966 shares in the company, valued at approximately $1,974,354.06. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
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Starbucks Corporation Company Profile
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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