Barrington Research Reiterates Outperform Rating for Acco Brands (NYSE:ACCO)

Key Points

• Barrington Research has reiterated its "outperform" rating on Acco Brands (ACCO), setting a price target of $6.00, suggesting a potential upside of 53.45% from its previous close.
• Wall Street Zen upgraded Acco Brands from a "hold" to a "buy" rating, reflecting positive sentiment among analysts.
• Institutional investors own 84.56% of Acco Brands, with significant increases in holdings reported by various hedge funds in recent quarters.

Acco Brands (NYSE:ACCO - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Barrington Research in a note issued to investors on Thursday,Benzinga reports. They presently have a $6.00 target price on the industrial products company's stock. Barrington Research's price objective indicates a potential upside of 54.44% from the company's previous close.

Separately, Wall Street Zen upgraded shares of Acco Brands from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Acco Brands has a consensus rating of "Buy" and a consensus target price of $6.00.

Acco Brands Trading Up 1.2%

Shares of ACCO stock traded up $0.0450 during trading hours on Thursday, hitting $3.8850. 158,133 shares of the company's stock traded hands, compared to its average volume of 783,066. The stock's 50 day simple moving average is $3.73 and its 200 day simple moving average is $4.03. The stock has a market cap of $350.17 million, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.45 and a beta of 1.39. Acco Brands has a 12 month low of $3.32 and a 12 month high of $6.43. The company has a quick ratio of 1.15, a current ratio of 1.85 and a debt-to-equity ratio of 1.48.

Acco Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. The business had revenue of $394.80 million for the quarter, compared to the consensus estimate of $389.81 million. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Q3 2025 guidance at 0.210-0.240 EPS. On average, sell-side analysts anticipate that Acco Brands will post 1.02 EPS for the current year.

Institutional Trading of Acco Brands

Several hedge funds have recently added to or reduced their stakes in the stock. Ballentine Partners LLC bought a new stake in shares of Acco Brands during the 2nd quarter worth $40,000. Tower Research Capital LLC TRC boosted its stake in shares of Acco Brands by 131.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 6,436 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Acco Brands in the 2nd quarter valued at $55,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Acco Brands by 25.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Acco Brands in the 2nd quarter valued at $78,000. Institutional investors own 84.56% of the company's stock.

Acco Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.