Staples (SPLS) : 9 analysts are covering Staples (SPLS) and their average rating on the stock is 2.78, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Staples (SPLS) : The highest short term price target forecast on Staples (SPLS) is $11 and the lowest target price is $8. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $9.36 with a standard deviation of $0.85.
Company shares have received an average consensus rating of Hold for the current week Staples (NASDAQ:SPLS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.19 and $9.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.29, notching a gain of 2.09% for the day. The total traded volume was 3,912,573 . The stock had closed at $9.10 on the previous day.
In a related news,The officer (General Counsel) of Staples Inc, Williams Michael sold 12,458 shares at $8.59 on June 30, 2016. The Insider selling transaction had a total value worth of $107,014. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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 Staples.com 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 Quill.com. 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.