Staples (SPLS) Getting Somewhat Favorable Press Coverage, Study Shows
Media coverage about Staples (NASDAQ:SPLS) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Staples earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 45.4841806672677 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of brokerages have issued reports on SPLS. BidaskClub raised Staples from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Staples from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $8.85.
Shares of Staples (NASDAQ SPLS) remained flat at $$10.25 during midday trading on Friday. Staples has a twelve month low of $7.24 and a twelve month high of $10.26. The company has a quick ratio of 0.87, a current ratio of 1.43 and a debt-to-equity ratio of 0.15.
Staples Company Profile
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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