Evercore ISI analyst David Palmer maintained a Hold rating on Starbucks (SBUX) today and set a price target of $95.00. The company’s shares closed last Monday at $92.83.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 9.9% and a 69.5% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Brinker International, and Conagra Brands.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Starbucks with a $97.81 average price target.
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Starbucks’ market cap is currently $109.3B and has a P/E ratio of 31.62. The company has a Price to Book ratio of -17.59.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SBUX in relation to earlier this year. Most recently, in December 2019, Lucy Lee Helm, the evp, chief partner officer of SBUX sold 18,982 shares for a total of $1,679,717.
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.
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