Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Staples (SPLS) Share Price

Media coverage about Staples (NASDAQ:SPLS) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Staples earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 45.8005736452454 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the headlines that may have effected Accern’s scoring:

A number of analysts have recently issued reports on SPLS shares. Jefferies Group reissued a “hold” rating and set a $9.00 target price on shares of Staples in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Staples from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, BidaskClub lowered shares of Staples from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Staples currently has an average rating of “Hold” and an average price target of $8.85.

Staples (NASDAQ SPLS) traded up $0.01 during trading hours on Wednesday, reaching $10.25. 9,785,900 shares of the company were exchanged, compared to its average volume of 8,578,545. Staples has a 52 week low of $7.24 and a 52 week 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.

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About Staples

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,,, and, that sell and deliver products and services primarily to businesses.

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