Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day down 2.4%. By the end of trading, Starbucks Corporation fell $1.19 (-1.8%) to $65.22 on average volume. Throughout the day, 5,764,033 shares of Starbucks Corporation exchanged hands as compared to its average daily volume of 4,421,600 shares. The stock ranged in price between $65.04-$66.32 after having opened the day at $65.82 as compared to the previous trading day's close of $66.41. Other companies within the Leisure industry that declined today were:
), down 8.8%,
), down 8.6%,
), down 7.0% and
), down 6.3%.
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Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. As of September 30, 2012, the company operated 9,405 company-operated stores and 8,661 licensed stores. Starbucks Corporation has a market cap of $50.2 billion and is part of the services sector. The company has a P/E ratio of 34.1, above the S&P 500 P/E ratio of 17.7. Shares are up 23.8% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Starbucks Corporation a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Starbucks Corporation Ratings Report.
On the positive front,
), down 9.3%,
), down 3.4% and
), down 3.3%.
- Use our leisure section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider
) while those bearish on the leisure industry could consider
- Find other investment ideas from our top rated ETFs lists.
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