Weiss Ratings Reiterates "Sell (D+)" Rating for Acco Brands (NYSE:ACCO)

Key Points

• Weiss Ratings has reiterated a "Sell (D+)" rating for Acco Brands (NYSE:ACCO), indicating a negative outlook on the stock.
• Despite Weiss's negative rating, other analysts have upgraded Acco Brands, with Zacks Research changing its rating from "strong sell" to "hold" and Barrington Research giving an "outperform" rating with a $6.00 price target.
• Acco Brands reported earnings per share of $0.28 for the last quarter, slightly missing the consensus estimate, but its revenue of $394.80 million exceeded expectations.

Acco Brands (NYSE:ACCO - Get Free Report)'s stock had its "sell (d+)" rating reiterated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the stock. Zacks Research upgraded shares of Acco Brands from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Wall Street Zen upgraded shares of Acco Brands from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Finally, 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. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.00.

Acco Brands Trading Up 0.9%

Shares of Acco Brands stock traded up $0.04 during trading on Wednesday, reaching $4.01. The company's stock had a trading volume of 147,338 shares, compared to its average volume of 741,987. The company has a market cap of $360.97 million, a price-to-earnings ratio of 8.52, a PEG ratio of 0.47 and a beta of 1.41. 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 firm's 50-day moving average is $3.93 and its two-hundred day moving average is $3.83. Acco Brands has a 52-week low of $3.32 and a 52-week high of $6.43.

Acco Brands (NYSE:ACCO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Acco Brands had a return on equity of 13.60% and a net margin of 2.90%.The company had revenue of $394.80 million during 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. On average, sell-side analysts anticipate that Acco Brands will post 1.02 earnings per share for the current year.

Institutional Trading of Acco Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC purchased a new stake in shares of Acco Brands during the 2nd quarter worth about $40,000. Tower Research Capital LLC TRC grew its holdings in shares of Acco Brands by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company's stock worth $41,000 after purchasing an additional 6,436 shares during the period. Kapitalo Investimentos Ltda acquired a new position in Acco Brands during the 2nd quarter worth approximately $55,000. Cambridge Investment Research Advisors Inc. lifted its position 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 worth $68,000 after acquiring an additional 3,276 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Acco Brands during the 2nd quarter worth approximately $78,000. Hedge funds and other 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.

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