ACCO Brands (ACCO) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ACCO Brands in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ACCO shares.
View ACCO analyst ratings or view top-rated stocks.

2 brokerages have issued 12-month price targets for ACCO Brands' stock. Their ACCO share price forecasts range from $6.00 to $8.00. On average, they expect the company's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 19.7% from the stock's current price.
View analysts price targets for ACCO or view top-rated stocks among Wall Street analysts.

ACCO Brands' stock was trading at $5.59 at the beginning of the year. Since then, ACCO stock has increased by 4.7% and is now trading at $5.85.
View the best growth stocks for 2023 here.

ACCO Brands saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,700,000 shares, an increase of 58.9% from the August 15th total of 1,070,000 shares. Based on an average daily volume of 612,500 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.9% of the shares of the stock are sold short.
View ACCO Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our ACCO earnings forecast.

ACCO Brands Co. (NYSE:ACCO) announced its earnings results on Wednesday, August, 9th. The industrial products company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.09. The industrial products company earned $494 million during the quarter, compared to analysts' expectations of $488.52 million. ACCO Brands had a positive trailing twelve-month return on equity of 12.33% and a negative net margin of 1.45%. The firm's quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 EPS.

ACCO Brands announced a quarterly dividend on Tuesday, August 1st. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.075 per share on Tuesday, September 12th. This represents a $0.30 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Monday, August 21st.
Read our dividend analysis for ACCO.

ETFs with the largest weight of ACCO Brands (NYSE:ACCO) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP) and First Trust Dow Jones Select Microcap Index Fund (FDM).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

ACCO Brands (NYSE:ACCO) pays an annual dividend of $0.30 per share and currently has a dividend yield of 5.15%. ACCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ACCO.

ACCO Brands updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $0.21-$0.24 for the period, compared to the consensus EPS estimate of $0.30. The company issued revenue guidance of $471.03 million-$485.60 million, compared to the consensus revenue estimate of $503.50 million.

147 employees have rated ACCO Brands Chief Executive Officer Boris Elisman on Glassdoor.com. Boris Elisman has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other ACCO Brands investors own include AT&T (T), Energy Transfer (ET), Bank of Hawaii (BOH), Ford Motor (F), InterDigital (IDCC), Pfizer (PFE), Advanced Micro Devices (AMD), Bank of America (BAC), Cisco Systems (CSCO) and AbbVie (ABBV).

ACCO Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "ACCO."

ACCO Brands' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.73%), Dimensional Fund Advisors LP (6.87%), Allspring Global Investments Holdings LLC (5.40%), Allspring Global Investments Holdings LLC (5.40%), LSV Asset Management (3.69%) and Charles Schwab Investment Management Inc. (2.32%). Insiders that own company stock include Angela Y Jones, Boris Elisman, Gregory J Mccormack, Neal V Fenwick, Pamela R Schneider, Patrick Buchenroth, Ralph Paul Hargrow, Ronald M Lombardi, Roxanne M Bernstein and Thomas W Tedford.
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Shares of ACCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ACCO stock can currently be purchased for approximately $5.85.

ACCO Brands (NYSE:ACCO) has a market capitalization of $555.17 million and generates $1.95 billion in revenue each year. The industrial products company earns $-13,200,000.00 in net income (profit) each year or ($0.30) on an earnings per share basis.

The company employs 6,000 workers across the globe.

ACCO Brands' mailing address is FOUR CORPORATE DRIVE, LAKE ZURICH IL, 60047. The official website for the company is www.accobrands.com. The industrial products company can be reached via phone at (847) 541-9500, via email at jennifer.rice@acco.com, or via fax at 847-272-1389.