Staples PT Lowered to $13.00 (SPLS)
A number of other firms have also recently commented on SPLS. Analysts at JPMorgan Chase reiterated an overweight rating on shares of Staples in a research note to investors on Thursday. They now have a $14.00 price target on the stock. Separately, analysts at UBS AG cut their EPS estimates on shares of Staples in a research note on Thursday. They now have a $13.00 price target on the stock. Finally, analysts at Bank of America reiterated an underperform rating on shares of Staples in a research note to investors on Wednesday, March 6th.
Six research analysts have rated the stock with a buy rating, one has given an overweight rating, twelve have assigned a hold rating, one has issued an underweight rating, and one has issued a sell rating to the company’s stock. The stock presently has a consensus rating of hold and an average target price of $13.75.
Staples traded up 1.16% on Thursday, hitting $13.11. Staples has a 52-week low of $10.57 and a 52-week high of $16.93. The stock’s 50-day moving average is currently $13.21. The company’s market cap is $8.762 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, April 18th. Shareholders of record on Friday, March 29th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, March 26th. This is a positive change from Staples’s previous quarterly dividend of $0.11.
Staples, Inc. (Staples) is an office products company. Staples operates in three business segments: North American Delivery, North American Retail and International Operations.
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