Brokerage Firm Rating Update on Staples (SPLS)

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 most positive equity analysts on Staples (SPLS) expects the shares to touch $11, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $9.25 with an expected fluctuation of $1.08 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Staples (NASDAQ:SPLS). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank lowers the price target from $9 per share to $8 per share. The rating by the firm was issued on August 18, 2016.

Staples (NASDAQ:SPLS): The stock opened at $8.58 and touched an intraday high of $8.79 on Wednesday. During the day, the stock corrected to an intraday low of $8.55, however, the bulls stepped in and pushed the price higher to close in the green at $8.79 with a gain of 2.57% for the day. The total traded volume for the day was 5,372,967. The stock had closed at $8.57 in the previous trading session.

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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