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 Wall Street analysts have issued 1-year price targets for ACCO Brands' shares. Their ACCO share price forecasts range from $6.00 to $8.00. On average, they expect the company's share price to reach $7.00 in the next year. This suggests a possible upside of 22.0% 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 2023. Since then, ACCO shares have increased by 2.7% and is now trading at $5.74.
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 short-interest ratio is presently 2.8 days. Currently, 1.9% of the company's shares 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) posted its quarterly earnings results on Wednesday, August, 9th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.09. The industrial products company had revenue of $494 million for the quarter, compared to analyst estimates of $488.52 million. ACCO Brands had a negative net margin of 1.45% and a positive trailing twelve-month return on equity of 12.33%. The firm's revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share.

ACCO Brands announced a quarterly dividend on Tuesday, August 1st. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.075 per share on Tuesday, September 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date 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 5.25%. 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 issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $0.21-$0.24 for the period, compared to the consensus earnings per share 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."

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 $5.74.

ACCO Brands (NYSE:ACCO) has a market capitalization of $544.73 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.