Westlake Chemical Partners LP (WLKP) Reaches $23.10 After 7.00% Down Move; 23 Bullish Analysts Covering Starbucks (SBUX)

April 17, 2018 - By Louis Casey

Starbucks Corporation (NASDAQ:SBUX) Logo

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Starbucks Corporation had 105 analyst reports since July 28, 2015 according to SRatingsIntel. BMO Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, October 30. BMO Capital Markets has “Outperform” rating and $66 target. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Hold” rating given on Friday, July 28 by Guggenheim. The firm has “Buy” rating by Jefferies given on Tuesday, October 3. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, November 3. The firm has “Hold” rating by Bernstein given on Monday, January 29. Piper Jaffray maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, November 3 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, June 14 by Wedbush. The firm has “Buy” rating by Cowen & Co given on Friday, January 26. As per Tuesday, January 16, the company rating was maintained by Barclays Capital. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, October 3. See Starbucks Corporation (NASDAQ:SBUX) latest ratings:

13/04/2018 Broker: Cowen & Co Old Rating: Outperform New Rating: Market Perform Downgrade
29/03/2018 Broker: Wedbush Old Rating: Outperform New Rating: Neutral Downgrade
15/03/2018 Broker: UBS Rating: Buy New Target: $66.0 Maintain
12/03/2018 Broker: J.P. Morgan Rating: Buy Maintain
09/03/2018 Broker: UBS Rating: Buy New Target: $64.0 Maintain
05/02/2018 Broker: Piper Jaffray Rating: Buy New Target: $70.0 Maintain
01/02/2018 Broker: Mizuho Old Rating: Buy New Rating: Neutral Old Target: $75 Downgrade
29/01/2018 Broker: Bernstein Rating: Hold Downgrade
26/01/2018 Broker: Barclays Capital Rating: Hold Maintain
26/01/2018 Broker: Credit Suisse Rating: Hold New Target: $57.0 Maintain

The stock of Westlake Chemical Partners LP (NYSE:WLKP) is a huge mover today! The stock decreased 1.28% or $0.3 during the last trading session, reaching $23.1. About 71,351 shares traded or 10.27% up from the average. Westlake Chemical Partners LP (NYSE:WLKP) has declined 9.98% since April 17, 2017 and is downtrending. It has underperformed by 21.53% the S&P500.The move comes after 6 months negative chart setup for the $744.68 million company. It was reported on Apr, 17 by Barchart.com. We have $21.48 PT which if reached, will make NYSE:WLKP worth $52.13M less.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company has market cap of $84.26 billion. The firm operates in four divisions: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. It has a 19.87 P/E ratio. The Company’s stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, juices, and bottled water; an assortment of fresh food and snack offerings; and various food products, such as pastries, breakfast sandwiches, and lunch items, as well as beverage-making equipment and accessories.

Since January 31, 2018, it had 0 buys, and 3 sales for $13.62 million activity. 162,826 shares were sold by BURROWS CLIFFORD, worth $9.28M. WEATHERUP CRAIG also sold $3.60 million worth of Starbucks Corporation (NASDAQ:SBUX) shares. Shares for $740,851 were sold by ULLMAN MYRON E III on Monday, March 12.

The stock increased 0.86% or $0.5121 during the last trading session, reaching $59.9421. About 2.55M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since April 17, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.08, from 0.97 in 2017Q3. It increased, as 63 investors sold Starbucks Corporation shares while 449 reduced holdings. 114 funds opened positions while 423 raised stakes. 983.38 million shares or 1.10% more from 972.68 million shares in 2017Q3 were reported. Colony Grp Ltd Liability Company holds 33,879 shares or 0.12% of its portfolio. Maple Capital Incorporated has 1.84% invested in Starbucks Corporation (NASDAQ:SBUX) for 124,410 shares. Credit Agricole S A has invested 0.04% in Starbucks Corporation (NASDAQ:SBUX). Tiemann Investment Advisors Limited Liability stated it has 5,795 shares or 0.27% of all its holdings. Epoch Prtnrs holds 1.04% or 5.47 million shares in its portfolio. 279 were accumulated by Winslow Limited Co. D Scott Neal Inc accumulated 1,000 shares. Mengis Capital Management Inc reported 0.45% stake. Personal Cap reported 0.43% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). The New York-based Estabrook Cap Mngmt has invested 0% in Starbucks Corporation (NASDAQ:SBUX). Brown Management Ltd Liability Corp reported 14,667 shares stake. The Illinois-based Alley Co Limited Liability has invested 1.71% in Starbucks Corporation (NASDAQ:SBUX). Old Mutual Customised Solutions (Proprietary) Limited has invested 0.43% in Starbucks Corporation (NASDAQ:SBUX). Seabridge Invest Advsrs Limited Liability Corporation has invested 0% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Hbk Sorce Advisory Ltd Liability Corp has invested 0.14% in Starbucks Corporation (NASDAQ:SBUX).

Westlake Chemical Partners LP operates, acquires, and develops ethylene production facilities and related assets in the United States. The company has market cap of $744.68 million. The firm operates ethylene production facilities, which primarily convert ethane into ethylene. It has a 13.95 P/E ratio. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on a spot or contract basis.

Since February 27, 2018, it had 5 insider buys, and 0 sales for $356,595 activity. $57,450 worth of stock was bought by Chao Albert on Thursday, March 1. $47,535 worth of Westlake Chemical Partners LP (NYSE:WLKP) was bought by Bender Mark Steven. $113,750 worth of stock was bought by Teel Lawrence E. on Thursday, March 1.

Analysts await Westlake Chemical Partners LP (NYSE:WLKP) to report earnings on May, 1. They expect $0.45 earnings per share, up 28.57% or $0.10 from last year’s $0.35 per share. WLKP’s profit will be $14.51M for 12.83 P/E if the $0.45 EPS becomes a reality. After $0.46 actual earnings per share reported by Westlake Chemical Partners LP for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth.

Among 6 analysts covering Westlake Chemical Partners (NYSE:WLKP), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Westlake Chemical Partners had 11 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, January 20 by Tudor Pickering. The stock of Westlake Chemical Partners LP (NYSE:WLKP) earned “Buy” rating by UBS on Friday, March 2. FBR Capital maintained the stock with “Outperform” rating in Wednesday, April 12 report. The stock of Westlake Chemical Partners LP (NYSE:WLKP) earned “Neutral” rating by B. Riley & Co on Tuesday, December 19. The firm has “Outperform” rating by FBR Capital given on Friday, September 9. Tudor Pickering downgraded the shares of WLKP in report on Wednesday, December 6 to “Hold” rating. Barclays Capital maintained Westlake Chemical Partners LP (NYSE:WLKP) rating on Wednesday, August 5. Barclays Capital has “Equal Weight” rating and $24.0 target.

Westlake Chemical Partners LP (NYSE:WLKP) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>