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

Key Points

• Weiss Ratings has reaffirmed a "sell (D+)" rating for Acco Brands (NYSE:ACCO), indicating ongoing concerns about the company's stock performance.
• Various analysts have differing views on Acco Brands, with Zacks Research upgrading the rating to "hold" and Wall Street Zen raising it further to "buy," while Barrington Research set a price target of $6.00.
• Acco Brands' stock recently traded at $4.15, with a market capitalization of $373.59 million and reported earnings per share (EPS) of $0.32 for the last quarter.

Acco Brands (NYSE:ACCO - Get Free Report)'s stock had its "sell (d+)" rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the company. Zacks Research raised Acco Brands from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Wall Street Zen raised 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 objective on shares of Acco Brands in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Acco Brands has a consensus rating of "Hold" and an average target price of $6.00.

Acco Brands Stock Performance

Shares of Acco Brands stock traded up $0.07 during midday trading on Friday, hitting $4.15. The company had a trading volume of 139,240 shares, compared to its average volume of 729,635. The business's 50 day simple moving average is $3.98 and its two-hundred day simple moving average is $3.81. The stock has a market cap of $373.59 million, a PE ratio of 8.82, a P/E/G ratio of 0.47 and a beta of 1.41. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.85 and a quick ratio of 1.15. Acco Brands has a 1-year low of $3.32 and a 1-year high of $6.43.

Acco Brands (NYSE:ACCO - Get Free Report) last announced its quarterly earnings data on Friday, March 15th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $499.40 million for the quarter. Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. As a group, equities analysts predict that Acco Brands will post 1.02 EPS for the current fiscal year.

Institutional Trading of Acco Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ballentine Partners LLC acquired a new stake in Acco Brands in the second quarter worth about $40,000. Tower Research Capital LLC TRC increased its position in Acco Brands by 131.0% in the second 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 stake in Acco Brands in the second quarter worth about $55,000. Cambridge Investment Research Advisors Inc. increased its position in Acco Brands by 25.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company's stock worth $68,000 after purchasing an additional 3,276 shares during the period. Finally, Brighton Jones LLC acquired a new stake in Acco Brands in the third quarter worth about $74,000. 84.56% of the stock is currently owned by institutional investors and hedge funds.

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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