UBS Maintains a 'Buy' on Staples, Inc. (SPLS); Win by Not Losing; Dip Provides Opportunity to L-T Investors
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Price: $56.16 -0.07%
Rating Summary:
3 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Staples, Inc. (NASDAQ: SPLS) price target lowered $1 to $17.00.
Analyst, Michael Lasser, said, "During 1Q’12, SPLS again showed why it has distinguished itself as the stand-out within the office supply sector. Its performance featured stable sales & op. margin that produced EPS of $0.30, which was in-line with consensus. One would have thought that with the stock trading at a P/E of 9x CY’12E & a 12.5% FCF yield, mostly meeting the street would have been enough. But, after the stock fell 5.7% on the day (vs. a -0.4% for the S&P), it was clear that it was not and the market is losing patience. This edginess can create an opportunity over the long term."
UBS slightly adjusts FY12 EPS from $1.50 to $1.51 and FY13 from $1.64 to $1.62.
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 $13.91 yesterday.
Analyst, Michael Lasser, said, "During 1Q’12, SPLS again showed why it has distinguished itself as the stand-out within the office supply sector. Its performance featured stable sales & op. margin that produced EPS of $0.30, which was in-line with consensus. One would have thought that with the stock trading at a P/E of 9x CY’12E & a 12.5% FCF yield, mostly meeting the street would have been enough. But, after the stock fell 5.7% on the day (vs. a -0.4% for the S&P), it was clear that it was not and the market is losing patience. This edginess can create an opportunity over the long term."
UBS slightly adjusts FY12 EPS from $1.50 to $1.51 and FY13 from $1.64 to $1.62.
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 $13.91 yesterday.
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