In a report released yesterday, Bonnie Herzog from Wells Fargo maintained a Buy rating on Starbucks Corp (NASDAQ: SBUX), with a price target of $64. The company’s shares closed yesterday at $59.10.
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 5.6% and a 67.1% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Coca-Cola European Partners, and Constellation Brands Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Starbucks Corp with a $57.90 average price target, which is a -2.0% downside from current levels. In a report issued on October 4, KeyBanc also initiated coverage with a Buy rating on the stock with a $65 price target.
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The company has a one-year high of $61.94 and a one-year low of $47.37. Currently, Starbucks Corp has an average volume of 10.08M.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Last month, Myron E. Ullman, a Director at SBUX sold 99,166 shares for a total of $5,458,938.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Starbucks Corp. engages in the provision of premier roaster, marketer, and retailer of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development.
