Ned Davis Research upgraded shares of Staples (NASDAQ:SPLS) from a neutral rating to a buy rating in a report released on Monday, AnalystRatingsNetwork.com reports.
Ned Davis Research has also taken action a number of other consumer discretionary stocks recently. The firm upgraded shares of GNC Holdings Inc. from a neutral rating to a buy rating. Also, Ned Davis Research upgraded shares of Lumber Liquidators Holdings Inc. from a neutral rating to a buy rating.
A number of other analysts have also recently weighed in on SPLS. Analysts at JPMorgan Chase & Co. reiterated a hold rating on shares of Staples in a research note to investors on Friday. They now have a $15.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Staples from $15.00 to $16.00 in a research note to investors on Friday. They now have a neutral rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Staples in a research note to investors on Friday, September 13th. They now have a $15.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $14.81.
Staples (NASDAQ:SPLS) traded up 0.81% during mid-day trading on Monday, hitting $15.61. 6,413,927 shares of the company’s stock traded hands. Staples has a 1-year low of $11.04 and a 1-year high of $17.30. The stock’s 50-day moving average is $15.53 and its 200-day moving average is $15.4. The company’s market cap is $10.310 billion. Staples also saw unusually large options trading on Monday. Stock traders bought 6,311 put options on the stock. This represents an increase of 240% compared to the average daily volume of 1,856 put options.
Staples (NASDAQ:SPLS) last announced its earnings results on Wednesday, August 21st. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.02. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter last year, the company posted $0.18 earnings per share. Staples’s revenue was down 2.2% compared to the same quarter last year. On average, analysts predict that Staples will post $1.23 earnings per share for the current fiscal year.
Staples, Inc (NASDAQ:SPLS) is an office products company.
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