StockNews.com Upgrades ACCO Brands (NYSE:ACCO) to Buy

ACCO Brands (NYSE:ACCO - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.

Separately, Barrington Research reduced their price target on shares of ACCO Brands from $7.50 to $7.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th.

ACCO Brands Trading Up 1.3%

Shares of ACCO Brands stock opened at $3.93 on Wednesday. The firm has a 50-day simple moving average of $4.03 and a two-hundred day simple moving average of $4.92. The company has a market cap of $354.09 million, a P/E ratio of -3.71, a price-to-earnings-growth ratio of 0.37 and a beta of 1.36. ACCO Brands has a fifty-two week low of $3.41 and a fifty-two week high of $6.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60.

ACCO Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The firm had revenue of $317.40 million during the quarter, compared to the consensus estimate of $318.75 million. As a group, equities analysts predict that ACCO Brands will post 1.02 earnings per share for the current fiscal year.

Institutional Trading of ACCO Brands

Several large investors have recently bought and sold shares of the business. DMC Group LLC grew its stake in ACCO Brands by 9.5% during the 4th quarter. DMC Group LLC now owns 28,783 shares of the industrial products company's stock valued at $151,000 after acquiring an additional 2,496 shares in the last quarter. Somerset Trust Co grew its stake in ACCO Brands by 22.1% during the 4th quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company's stock valued at $79,000 after acquiring an additional 2,724 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in ACCO Brands by 25.1% during 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 acquiring an additional 3,276 shares in the last quarter. Invesco Ltd. grew its stake in ACCO Brands by 1.2% during the 1st quarter. Invesco Ltd. now owns 336,908 shares of the industrial products company's stock valued at $1,412,000 after acquiring an additional 4,027 shares in the last quarter. Finally, Diversified Trust Co grew its stake in ACCO Brands by 18.4% during the 1st quarter. Diversified Trust Co now owns 30,058 shares of the industrial products company's stock valued at $126,000 after acquiring an additional 4,669 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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