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Shares of Staples (NASDAQ:SPLS) have received an average recommendation of “Hold” from the eighteen brokerages that are currently covering the company, American Banking and Market News reports. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.77.

Shares of Staples (NASDAQ:SPLS) opened at 11.49 on Wednesday. Staples has a one year low of $10.70 and a one year high of $17.01. The stock has a 50-day moving average of $11.20 and a 200-day moving average of $11.90. The company has a market cap of $7.430 billion and a price-to-earnings ratio of 13.97.

Several analysts have recently commented on the stock. Analysts at Wolfe Research downgraded shares of Staples to an “underperform” rating in a research note on Wednesday, July 23rd. Separately, analysts at Goldman Sachs initiated coverage on shares of Staples in a research note on Tuesday, June 24th. They set an “underweight” rating and a $11.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Staples in a research note on Tuesday, June 24th. They set an “underweight” rating and a $11.00 price target on the stock.

Staples, Inc (NASDAQ:SPLS) is an office products company.

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