ACCO Brands (ACCO) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for ACCO Brands (NYSE: ACCO):

  • 5/17/2018 – ACCO Brands was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/3/2018 – ACCO Brands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market. “
  • 5/2/2018 – ACCO Brands was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/2/2018 – ACCO Brands is now covered by analysts at Noble Financial. They set a “buy” rating on the stock.
  • 5/1/2018 – ACCO Brands was given a new $18.00 price target on by analysts at BWS Financial. They now have a “buy” rating on the stock.
  • 4/17/2018 – ACCO Brands was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market. “
  • 4/2/2018 – ACCO Brands was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 3/21/2018 – ACCO Brands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market. “

Shares of ACCO Brands opened at $12.55 on Friday, MarketBeat reports. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 0.88 and a beta of 1.29. ACCO Brands has a 52 week low of $12.00 and a 52 week high of $12.22. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.60 and a quick ratio of 1.00.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Tuesday, May 1st. The industrial products company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $405.80 million during the quarter, compared to analysts’ expectations of $386.94 million. ACCO Brands had a net margin of 6.94% and a return on equity of 18.22%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. sell-side analysts forecast that ACCO Brands will post 1.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Friday, June 1st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, May 31st. ACCO Brands’s payout ratio is 20.17%.

In related news, CEO Boris Elisman sold 47,600 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $13.83, for a total value of $658,308.00. Following the completion of the sale, the chief executive officer now owns 625,809 shares in the company, valued at approximately $8,654,938.47. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas W. Tedford sold 241,266 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $13.36, for a total transaction of $3,223,313.76. Following the completion of the sale, the vice president now owns 190,500 shares of the company’s stock, valued at approximately $2,545,080. The disclosure for this sale can be found here. Insiders have sold a total of 412,360 shares of company stock valued at $5,531,068 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. bought a new stake in shares of ACCO Brands in the 1st quarter valued at $144,000. Koch Industries Inc. bought a new stake in shares of ACCO Brands in the 1st quarter valued at $153,000. Highbridge Capital Management LLC bought a new stake in shares of ACCO Brands in the 1st quarter valued at $155,000. Bayesian Capital Management LP bought a new stake in shares of ACCO Brands in the 1st quarter valued at $170,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of ACCO Brands in the 4th quarter valued at $189,000. Institutional investors and hedge funds own 94.69% of the company’s stock.

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, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

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