ACCO Brands Co. (NYSE:ACCO) has been given an average broker rating score of 2.25 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 12-month consensus price objective of $16.00 for the company and are anticipating that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given ACCO Brands an industry rank of 2 out of 265 based on the ratings given to its competitors.
Several research firms have issued reports on ACCO. BWS Financial reiterated a “buy” rating and issued a $18.00 target price on shares of ACCO Brands in a research note on Thursday, April 6th. Zacks Investment Research lowered shares of ACCO Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 3rd.
In related news, SVP Pamela R. Schneider sold 7,199 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $13.10, for a total transaction of $94,306.90. Following the transaction, the senior vice president now owns 65,248 shares of the company’s stock, valued at approximately $854,748.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Pamela R. Schneider sold 42,212 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $14.05, for a total transaction of $593,078.60. Following the transaction, the senior vice president now directly owns 81,386 shares in the company, valued at approximately $1,143,473.30. The disclosure for this sale can be found here. Insiders sold a total of 79,411 shares of company stock worth $1,089,086 in the last three months. Insiders own 3.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ACCO. Frontier Wealth Management LLC acquired a new position in ACCO Brands during the fourth quarter valued at approximately $150,000. Princeton Alpha Management LP acquired a new position in ACCO Brands during the third quarter valued at approximately $158,000. Guggenheim Capital LLC raised its position in ACCO Brands by 31.7% in the fourth quarter. Guggenheim Capital LLC now owns 13,279 shares of the industrial products company’s stock valued at $173,000 after buying an additional 3,193 shares in the last quarter. Airain ltd acquired a new position in ACCO Brands during the third quarter valued at approximately $174,000. Finally, Horizon Investment Services LLC raised its position in ACCO Brands by 46.1% in the third quarter. Horizon Investment Services LLC now owns 20,329 shares of the industrial products company’s stock valued at $196,000 after buying an additional 6,414 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.
Shares of ACCO Brands (NYSE:ACCO) opened at 14.00 on Tuesday. The firm’s 50-day moving average is $13.22 and its 200 day moving average is $12.45. The firm has a market capitalization of $1.51 billion, a P/E ratio of 16.09 and a beta of 1.52. ACCO Brands has a 12 month low of $8.65 and a 12 month high of $14.45.
ACCO Brands (NYSE:ACCO) last posted its earnings results on Wednesday, February 22nd. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. ACCO Brands had a net margin of 7.89% and a return on equity of 13.86%. The business had revenue of $437.60 million for the quarter, compared to analysts’ expectations of $431.31 million. During the same period in the prior year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that ACCO Brands will post $1.07 EPS for the current year.
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ACCO Brands Company Profile
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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