Stock Update: Starbucks Corporation (NASDAQ:SBUX) – Set a Meeting at Starbucks Using Microsoft Outlook Add-In

[at 24/7 Wall St.] – The Starbucks loyalty program is, by any measure, a huge success, and the company’s latest high-tech innovation, a Starbucks for Outlook add-in, could be the next big thing. Read more on this. Starbucks Corporation (SBUX) , with a current value of $80.99B, opened this morning at $55.61. Looking at today’s trading action, the company’s one day range from $55.04 to $55.62 with a one year range of $42.05 to $64.00. SBUX shares are currently priced at 29.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 24.96x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.80 per share annually in dividends, yielding 1.45%. In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $0.49 per share, which would be $0.07 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.89, which would be a $0.31 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.34 Billion. If realized, that would be a 9.43% increase over the year-ago quarter. Recently, Deutsche Bank downgraded SBUX from Buy to Hold (Apr 12, 2016). Previously, Guggenheim Initiated SBUX at to Buy. Given all the information above, we should disclose to readers that the average price target is $68.00, which is 22.28% above than it opened this morning. See more in (NASDAQ:SBUX) Similar Articles: Company Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks to Webcast 2016 Annual Meeting of Shareholders Stock Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Prices $500 Million of Senior Notes Stock Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks expects China to surpass US