Starbucks (SBUX) stock hasn’t moved in three years, but help has arrived as I’m going to explain how to get the stock moving again.
China is proving to be a catalyst for Starbuck’s (SBUX) growth, as sales in the China/Asia Pacific region rose 54% from the same qtr a year ago.
Starbucks (SBUX) has had a case of slowing profit growth. So even though profits are growing double-digits the stock is stuck in neutral as the P/E has been in a slow decline.
Even though Starbucks (SBUX) has been building a base for more than two years, the stock still isn’t undervalued by my measures and looks to continue its sideways chart pattern.
Starbucks’ (SBUX) fundamentals are deteriorating, as in estimates have been on the decline. Also, growth has slowed. But, with a P/E of 23 this stock is nicely priced.