Deutsche Bank Maintains Staples to Hold with Price Target $8.00

Brokerage firm Deutsche Bank Maintains its rating on Staples(NASDAQ:SPLS). In a research note issued to the investors, the brokerage major Lowers the price-target to $8.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 18, 2016.

In a different note, On May 23, 2016, Bank of America said it Upgrades its rating on Staples. The shares have been rated ‘Buy’ by the firm.

Staples (SPLS) made into the market gainers list on Mondays trading session with the shares advancing 2.24% or 0.19 points. Due to strong positive momentum, the stock ended at $8.68, which is also near the day’s high of $8.68. The stock began the session at $8.53 and the volume stood at 47,28,704 shares. The 52-week high of the shares is $14.4 and the 52 week low is $8. The company has a current market capitalization of $5,646 M and it has 65,04,23,470 shares in outstanding.

Staples(SPLS) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $4.75B. Analysts had an estimated revenue of $4.78B. Earnings per share were $0.12. Analysts had estimated an EPS of $0.12.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Michael Williams (General Counsel) sold 12,458 shares at $8.59 per share price.Also, On Dec 16, 2015, Shira Goodman (President, NAC) purchased 5,100 shares at $9.69 per share price.

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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