ACCO Brands Co. (NYSE:ACCO) has earned an average broker rating score of 2.25 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 1 year consensus price objective of $15.67 for the company and are anticipating that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also given ACCO Brands an industry rank of 5 out of 265 based on the ratings given to its competitors.
A number of analysts recently commented on the company. SunTrust Banks reaffirmed a “hold” rating and set a $13.00 price objective on shares of ACCO Brands in a research note on Wednesday, November 1st. Zacks Investment Research raised ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, October 31st. Finally, BidaskClub raised ACCO Brands from a “hold” rating to a “buy” rating in a research note on Friday, October 13th.
ACCO Brands (NYSE:ACCO) traded up $0.02 during trading on Wednesday, reaching $12.77. The company’s stock had a trading volume of 161,594 shares, compared to its average volume of 564,587. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.70 and a quick ratio of 1.09. The firm has a market capitalization of $1,360.00, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.10 and a beta of 1.49. ACCO Brands has a 12 month low of $10.35 and a 12 month high of $14.75.
ACCO Brands (NYSE:ACCO) last posted its earnings results on Monday, October 30th. The industrial products company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $532.20 million for the quarter, compared to analyst estimates of $529.65 million. ACCO Brands had a return on equity of 15.99% and a net margin of 3.51%. ACCO Brands’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. equities research analysts anticipate that ACCO Brands will post 1.15 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in shares of ACCO Brands by 5.9% in the 2nd quarter. Royal Bank of Canada now owns 6,122,124 shares of the industrial products company’s stock worth $71,323,000 after purchasing an additional 339,057 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of ACCO Brands in the 2nd quarter worth about $3,266,000. Ameriprise Financial Inc. raised its holdings in shares of ACCO Brands by 35.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 832,693 shares of the industrial products company’s stock worth $9,911,000 after purchasing an additional 216,020 shares during the period. Northern Trust Corp raised its holdings in shares of ACCO Brands by 9.5% in the 2nd quarter. Northern Trust Corp now owns 2,428,165 shares of the industrial products company’s stock worth $28,288,000 after purchasing an additional 210,786 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of ACCO Brands by 16.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,268,126 shares of the industrial products company’s stock worth $15,089,000 after purchasing an additional 180,698 shares during the period. 91.17% of the stock is currently owned by institutional investors and hedge funds.
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About ACCO Brands
ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.
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