Skip to main content

Market Overview

Jefferies Reiterates Hold Rating, $14 PT for Staples

Share:

In a company update published earlier today, Jefferies & Company, Inc. reiterated its Hold rating and $14.00 price target for Staples Inc. (NASDAQ: SPLS).

Jefferies went on to say “Relative to our model, sales were in line in NA Delivery and slightly worse in NA Retail and International. Adjusted EBIT rate was slightly ahead of our expectation, after stripping out $28 million of expenses related to headcount reductions and the settlement of a contractual dispute related to the acquisition of Corporate Express. We were including some cost pressure in our model above the line to incorporate restructuring efforts, so on a comparable basis SPLS fell short of our expectations with GAAP EPS of $0.27.”

Staples Inc. closed yesterday at $14.75.

Latest Ratings for SPLS

DateFirmActionFromTo
Apr 2017CitigroupUpgradesNeutralBuy
Dec 2016Loop CapitalInitiates Coverage OnHold
Aug 2016Deutsche BankMaintainsHold

View More Analyst Ratings for SPLS

View the Latest Analyst Ratings

 

Related Articles (SPLS)

View Comments and Join the Discussion!

Posted-In: Jefferies & Company Inc.Analyst Color Reiteration Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com