Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley (NYSE: MS) cut their price target on shares of Staples to $18.00 in a research note to investors on Thursday. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Staples in a research note to investors on Wednesday. They now have a $14.00 price target on the stock. Finally, analysts at ISI Group downgraded shares of Staples from a “hold” rating to a “sell” rating in a research note to investors on Thursday, May 10th.
Staples traded up 0.53% on Thursday, hitting $13.29. Staples has a 52-week low of $11.94 and a 52-week high of $17.10. The company has a market cap of $9.159 billion and a price-to-earnings ratio of 9.50.
Staples last posted its quarterly earnings results on Wednesday, May 16th. The company reported $0.30 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.30. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts expect that Staples will post $0.50 EPS next quarter.
Staples, Inc. (Staples), is an office products company. As of January 29, 2011, Staples served customers of all sizes in 26 countries throughout North America, Europe, Australia, South America, and Asia.