News headlines about Staples (NASDAQ:SPLS) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Staples earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the specialty retailer an impact score of 46.7418901502449 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern’s rankings:

Shares of Staples (NASDAQ:SPLS) opened at 10.25 on Monday. Staples has a 12-month low of $7.24 and a 12-month high of $10.26. The company has a 50 day moving average of $10.21 and a 200-day moving average of $9.58. The company’s market cap is $6.73 billion.

Staples (NASDAQ:SPLS) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.12 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.12. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. Staples had a negative net margin of 8.53% and a positive return on equity of 15.09%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Staples will post $0.86 earnings per share for the current year.

Several research firms have commented on SPLS. BidaskClub cut shares of Staples from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Staples from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and set a $9.00 target price on shares of Staples in a research report on Wednesday, August 9th. Telsey Advisory Group lifted their target price on shares of Staples from $9.00 to $10.25 and gave the stock a “market perform” rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG set a $8.00 target price on shares of Staples and gave the stock a “hold” rating in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Staples currently has an average rating of “Hold” and an average target price of $9.04.

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About Staples

Staples, Inc (Staples) is a provider of products and services that serve the needs of business customers and consumers. The Company offers a range of print and marketing and technology services. The Company’s segments include North American Delivery, North American Retail and Other. The North American Delivery segment consists of the United States and Canadian businesses, including Staples Business Advantage, staples.com, staples.ca, and quill.com, that sell and deliver products and services primarily to businesses.

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