ACCO Brands (NYSE:ACCO) Trading 1.5% Higher

Shares of ACCO Brands Co. (NYSE:ACCO) traded up 1.5% during mid-day trading on Thursday . The company traded as high as $9.81 and last traded at $9.93, 26,161 shares were traded during mid-day trading. A decline of 94% from the average session volume of 431,486 shares. The stock had previously closed at $9.78.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of ACCO Brands from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut shares of ACCO Brands from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Noble Financial set a $14.00 target price on shares of ACCO Brands and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Barrington Research reaffirmed a “buy” rating and issued a $11.00 target price on shares of ACCO Brands in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. ACCO Brands has a consensus rating of “Hold” and a consensus target price of $11.08.

The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 1.33. The firm’s fifty day moving average price is $7.90. The stock has a market capitalization of $833.05 million, a P/E ratio of 8.53, a P/E/G ratio of 0.70 and a beta of 1.85.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. The company had revenue of $518.70 million for the quarter, compared to analysts’ expectations of $493.89 million. ACCO Brands had a net margin of 4.96% and a return on equity of 15.99%. ACCO Brands’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. As a group, equities research analysts forecast that ACCO Brands Co. will post 1.17 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can grew its stake in ACCO Brands by 23.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 13,338 shares of the industrial products company’s stock valued at $87,000 after buying an additional 2,507 shares during the last quarter. James Investment Research Inc. grew its stake in ACCO Brands by 2.1% in the 2nd quarter. James Investment Research Inc. now owns 128,888 shares of the industrial products company’s stock valued at $1,014,000 after buying an additional 2,663 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in ACCO Brands by 138.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,642 shares of the industrial products company’s stock valued at $41,000 after buying an additional 2,697 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in ACCO Brands by 24.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 17,359 shares of the industrial products company’s stock valued at $149,000 after buying an additional 3,451 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in ACCO Brands by 0.4% in the 4th quarter. Nordea Investment Management AB now owns 792,118 shares of the industrial products company’s stock valued at $5,370,000 after buying an additional 3,528 shares during the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.

ACCO Brands Company Profile (NYSE:ACCO)

ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.

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