Nomura Securities Reiterates a 'Neutral' on Staples, Inc. (SPLS); Q1 Review
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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: 11 | Down: 18 | New: 20
Rating Summary:
3 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
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Nomura Securities reiterates a 'Neutral' on Staples, Inc. (NASDAQ: SPLS) price target of $15.00.
Analyst, Aram Rubinson, said, "SPLS reported Q1 adjusted results of $0.30, in line with the Street at $0.30 and our projection of $0.29. While International results were particularly challenged, NAR is also struggling to reverse deteriorating relevance. Our F2012 projection remains unchanged at $1.45, while our F2013 estimate goes to $1.42 (from $1.45). This reflects lower share repurchase activity in F2013."
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 $13.22 yesterday.
Analyst, Aram Rubinson, said, "SPLS reported Q1 adjusted results of $0.30, in line with the Street at $0.30 and our projection of $0.29. While International results were particularly challenged, NAR is also struggling to reverse deteriorating relevance. Our F2012 projection remains unchanged at $1.45, while our F2013 estimate goes to $1.42 (from $1.45). This reflects lower share repurchase activity in F2013."
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 $13.22 yesterday.
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