Acco Brands (NYSE:ACCO) Stock Rating Upgraded by Wall Street Zen

Key Points

• Acco Brands' stock rating was upgraded from "hold" to "buy" by Wall Street Zen, reflecting increased confidence from analysts in the company's future performance.
• The company's recent quarterly earnings showed a slight miss with $0.28 EPS, falling short of the $0.29 consensus estimate, despite revenue exceeding expectations at $394.80 million.
• Institutional investors are actively increasing their stakes in Acco Brands, with ownership rising to 84.56% among major investors, indicating strong institutional interest in the stock.

Acco Brands (NYSE:ACCO - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Friday.

Several other equities analysts have also issued reports on the company. Zacks Research upgraded Acco Brands from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Barrington Research restated an "outperform" rating and set a $6.00 price objective on shares of Acco Brands in a research report on Thursday, August 14th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Acco Brands in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Acco Brands currently has an average rating of "Hold" and an average target price of $6.00.

Acco Brands Price Performance

Shares of ACCO traded up $0.06 during midday trading on Friday, hitting $4.12. The company's stock had a trading volume of 557,418 shares, compared to its average volume of 583,322. Acco Brands has a one year low of $3.32 and a one year high of $6.43. The company's fifty day simple moving average is $3.93 and its two-hundred day simple moving average is $3.84. The company has a quick ratio of 1.15, a current ratio of 1.85 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $370.88 million, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.47 and a beta of 1.41.

Acco Brands (NYSE:ACCO - Get Free Report) last issued 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 during 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. As a group, equities analysts expect that Acco Brands will post 1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Acco Brands

A number of institutional investors have recently made changes to their positions in the stock. State of Wyoming grew its position in shares of Acco Brands by 106.6% in the 2nd quarter. State of Wyoming now owns 45,642 shares of the industrial products company's stock valued at $163,000 after buying an additional 23,548 shares during the last quarter. Tower Research Capital LLC TRC grew its position 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 buying an additional 6,436 shares during the last quarter. Oxford Asset Management LLP grew its position in shares of Acco Brands by 154.4% in the 2nd quarter. Oxford Asset Management LLP now owns 104,294 shares of the industrial products company's stock valued at $373,000 after buying an additional 63,299 shares during the last quarter. Engineers Gate Manager LP grew its position in shares of Acco Brands by 67.2% in the 2nd quarter. Engineers Gate Manager LP now owns 137,344 shares of the industrial products company's stock valued at $492,000 after buying an additional 55,193 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Acco Brands by 1.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 975,447 shares of the industrial products company's stock valued at $3,492,000 after buying an additional 11,799 shares during the last quarter. Institutional investors own 84.56% of the company's stock.

About Acco Brands

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.

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