Merrill Lynch Keeps a Buy Rating on Starbucks Corp (SBUX)

By Jason Carr

In a report issued on September 27, Gregory Francfort from Merrill Lynch reiterated a Buy rating on Starbucks Corp (SBUXResearch Report), with a price target of $100.00. The company’s shares closed last Monday at $88.42.

According to TipRanks.com, Francfort is a 1-star analyst with an average return of -1.3% and a 53.3% success rate. Francfort covers the Services sector, focusing on stocks such as Red Robin Gourmet, Domino’s Pizza, and Potbelly Corp.

Currently, the analyst consensus on Starbucks Corp is a Moderate Buy with an average price target of $96.23.

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Starbucks Corp’s market cap is currently $105.8B and has a P/E ratio of 31.34. The company has a Price to Book ratio of -24.68.

Based on the recent corporate insider activity of 64 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.

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.