NEW YORK (
) hit a new 52-week high Tuesday as it is currently trading at $45.05, above its previous 52-week high of $45 with 3.4 million shares traded as of 1:05 p.m. ET. Average volume has been seven million shares over the past 30 days.
Starbucks has a market cap of $32.41 billion and is part of the
industry. Shares are up 35.8% year to date as of the close of trading on Monday.
Starbucks Corporation purchases and roasts whole bean coffees. It operates 6,705 company-operated stores and 4,082 licensed stores in the United States; and 2,326 company-operated stores and 3,890 licensed stores in Canada, the U.K., China, Germany, Thailand, and internationally. The company has a P/E ratio of 26.8, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Starbucks as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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