Short Term Price Target on Staples (SPLS)

Staples (NASDAQ:SPLS) : 8 Wall Street analysts covering Staples (NASDAQ:SPLS) believe that the average level the stock could reach for the short term is $10.81. The maximum price target given is $21 and the minimum target for short term is around $8, hence the standard deviation is calculated at $4.19.

Staples, Inc. has lost 3.69% in the last five trading days and dropped 0.25% in the last 4 weeks. Staples, Inc. has dropped 21.84% during the last 3-month period . Year-to-Date the stock performance stands at -6.57%. Also, Equity Analysts at the Brokerage Firm, Bank of America, upgrades their rating on the shares of Staples (NASDAQ:SPLS). Bank of America has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 23, 2016.

Staples (NASDAQ:SPLS) : 1 brokerage houses believe that Staples (NASDAQ:SPLS) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Staples (NASDAQ:SPLS). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 2.8.

Staples (NASDAQ:SPLS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.60 and $8.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.62, notching a gain of 0.58% for the day. The total traded volume was 7,344,192 . The stock had closed at $8.57 on the previous day.

In an insider trading activity, Goodman Shira, officer (President, NAC) of Staples Inc, had purchased 5,100 shares on December 15, 2015. The total value of the transaction was $49,419. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Staples, Inc. is a provider of products and services that serve the needs of business customers and consumers. The Company offers a selection of products, such as Websites and mobile platforms, retail and online shopping and a range of copy and print and technology services. It operates in three business segments: North American Stores & Online, North American Commercial and International Operations. The North American Stores & Online segment includes its retail stores and businesses in the United States and Canada. The North American Commercial segment consists of the United States and Canadian businesses that sell and deliver products and services directly to businesses, including Staples Advantage and The International Operations segment consists of businesses in around 23 countries in Europe, Australia, South America and Asia. It serves businesses in North America, Europe, Australia, South America and Asia. Its delivery business offers online order placing.

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