Price Over Earnings Overview: Starbucks
Portfolio Pulse from Benzinga Insights
Starbucks Inc.'s shares are currently trading at $91.03, after a 0.26% drop. Over the past month, the stock fell by 6.10%, but over the past year, it spiked by 2.73%. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E ratio of the Hotels, Restaurants & Leisure industry, which could indicate that the stock is undervalued.
October 02, 2023 | 4:45 pm
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NEUTRAL IMPACT
Starbucks' stock has seen a drop in the short term but has shown growth over the past year. Its lower P/E ratio compared to the industry average could suggest that the stock is undervalued.
The stock has seen a drop in the short term but has shown growth over the past year. The lower P/E ratio compared to the industry average could suggest that the stock is undervalued, but it could also indicate weak growth prospects or financial instability. Therefore, the impact on the stock price in the short term is neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100