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Zacks Investment Research downgraded Staples, Inc. (NASDAQ:SPLS) to Hold in a statement released earlier today.

Zacks Investment Research has downgraded Staples, Inc.(NASDAQ:SPLS) to Hold in a statement released on 8/19/2016.

Yesterday Staples, Inc. (NASDAQ:SPLS) traded 0.58% higher at $8.46. The company’s 50-day moving average is $8.85 and its two hundred day moving average is $9.37. The last stock price is down 7.75% relative to the two hundred day average, compared to the S&P 500 Index which has fallen -0.01% over the same time. 7,058,910 shares of SPLS traded hands, up from ann avg. trading volume of 6,494,770.

Performance Graphic:

Staples, Inc. (NASDAQ:SPLS)

Staples, Inc. has a 52 week low of $8.00 and a 52 week high of $14.13 and has a total market value of $0.0.

Also covering Staples, Inc.’s price target, a total of 11 firms have issued a research note on SPLS. The consensus target is $9.50 with 0 rating the stock a strong buy, 0 rating the company a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 brokeragesrating the stock as sell.

Brief Synopsis On Staples, Inc. (NASDAQ:SPLS)

Staples, Inc. is a provider of products and services for business customers and consumers. The Company offers a selection of products, Websites and mobile platforms, and a range of copy, print and technology services. The Company operates through three business segments, which include North American Stores & Online, North American Commercial and International Operations. The North American Stores & Online segment includes its retail stores and businesses in the United States and Canada. The North American Commercial segment consists of the United States and Canadian businesses that sell and deliver products and services directly to businesses, including Staples Advantage and The International Operations segment consists of businesses in approximately 25 countries in Europe, Australia, South America and Asia. It serves businesses of all sizes and consumers in North America, Europe, Australia, and South America and Asia.

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