Staples (SPLS) Receives ‘Analyst’ Rating

Staples (SPLS) : Zacks Investment Research ranks Staples (SPLS) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.75, which indicates as a Hold.

Staples (SPLS) : The highest short term price target forecast on Staples (SPLS) is $11 and the lowest target price is $8. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $9.25 with a standard deviation of $1.08.


Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Staples (NASDAQ:SPLS). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $8 per share from a prior target of $9. The rating by the firm was issued on August 18, 2016.

Staples (NASDAQ:SPLS): After opening at $8.48, the stock dipped to an intraday low of $8.43 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.7 and the buying power remained strong till the end. The stock closed at $8.59 for the day, a gain of 1.30% for the day session. The total traded volume was 5,231,765. The stocks close on the previous trading day was $8.48.

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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