Acco Brands (NYSE:ACCO) Stock Rating Upgraded by Zacks Research

Key Points

• Acco Brands has been upgraded by Zacks Research from a "strong sell" to a "hold" rating, reflecting a more positive outlook from analysts.
• The stock's current consensus rating is "Moderate Buy," with a price target set at $6.00 according to reports from various analysts.
• Despite the upgrade, Acco Brands' stock experienced a 0.4% decline recently, with current trading around $3.8750 and a 52-week range between $3.32 and $6.43.

Acco Brands (NYSE:ACCO - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Barrington Research reissued an "outperform" rating and set a $6.00 price target on shares of Acco Brands in a research report on Thursday, August 14th. Wall Street Zen raised shares of Acco Brands from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.00.

Acco Brands Stock Down 0.4%

ACCO stock opened at $3.8750 on Monday. Acco Brands has a 52 week low of $3.32 and a 52 week 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. The stock has a market capitalization of $349.25 million, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.45 and a beta of 1.39. The firm has a 50 day moving average of $3.73 and a 200 day moving average of $4.03.

Acco Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). Acco Brands had a return on equity of 13.60% and a net margin of 2.90%.The business had revenue of $394.80 million for the quarter, compared to analysts' expectations 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. Sell-side analysts forecast that Acco Brands will post 1.02 earnings per share for the current year.

Institutional Investors Weigh In On Acco Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Acco Brands by 14.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,288,508 shares of the industrial products company's stock worth $27,988,000 after buying an additional 910,009 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Acco Brands by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,414,341 shares of the industrial products company's stock worth $26,876,000 after buying an additional 44,537 shares in the last quarter. Capital Management Corp VA grew its holdings in shares of Acco Brands by 29.8% during the second quarter. Capital Management Corp VA now owns 5,911,581 shares of the industrial products company's stock worth $21,163,000 after buying an additional 1,358,811 shares in the last quarter. LSV Asset Management grew its holdings in shares of Acco Brands by 4.9% during the first quarter. LSV Asset Management now owns 3,243,500 shares of the industrial products company's stock worth $13,590,000 after buying an additional 151,300 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Acco Brands by 10.2% during the second quarter. American Century Companies Inc. now owns 2,774,426 shares of the industrial products company's stock worth $9,932,000 after buying an additional 257,144 shares in the last quarter. Hedge funds and other 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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