Barclays Maintains an 'Equalweight' on Staples (SPLS); Q3 Preview: Macro Environment Likely to Remain Challenged
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Price: $56.13 -0.05%
Rating Summary:
3 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
3 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
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Barclays maintains an 'Equalweight' on Staples, Inc. (NASDAQ: SPLS) price target of $16.00.
Barclays analyst says, "We are forecasting 3Q EPS of $0.46 ($0.01 below the Street) together with a 1% NA Retail comp: Company-wide, we are forecasting comps of (0.6)%, consisting of 1% comps at NA Retail, (2.5)% comps at NA Delivery, and a flat International comp. While Back-to-School performance was likely somewhat mixed, we believe that fundamentals at NA Retail remain challenged with small business trends showing limited growth potential. Additionally, we caution that Staples has significant exposure to Europe, and its European operations continue to be hampered by austerity measures and a difficult macro environment. We estimate total sales increased 4.1% to $6.8 billion, versus $6.5 billion last year."
For an analyst ratings summary and ratings history on Staples, Inc. click here. For more ratings news on Staples, Inc. click here.
Shares of Staples, Inc. closed at $14.89 yesterday.
Barclays analyst says, "We are forecasting 3Q EPS of $0.46 ($0.01 below the Street) together with a 1% NA Retail comp: Company-wide, we are forecasting comps of (0.6)%, consisting of 1% comps at NA Retail, (2.5)% comps at NA Delivery, and a flat International comp. While Back-to-School performance was likely somewhat mixed, we believe that fundamentals at NA Retail remain challenged with small business trends showing limited growth potential. Additionally, we caution that Staples has significant exposure to Europe, and its European operations continue to be hampered by austerity measures and a difficult macro environment. We estimate total sales increased 4.1% to $6.8 billion, versus $6.5 billion last year."
For an analyst ratings summary and ratings history on Staples, Inc. click here. For more ratings news on Staples, Inc. click here.
Shares of Staples, Inc. closed at $14.89 yesterday.
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