ACCO Brands (NYSE:ACCO) Stock Rating Upgraded by StockNews.com

ACCO Brands (NYSE:ACCO) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Separately, Barrington Research increased their target price on shares of ACCO Brands from $7.00 to $7.50 and gave the stock an “outperform” rating in a research note on Friday, November 22nd.

ACCO Brands Price Performance

ACCO Brands stock opened at $5.89 on Thursday. The stock has a market cap of $547.06 million, a P/E ratio of -3.12, a P/E/G ratio of 0.48 and a beta of 1.67. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The company’s 50 day moving average price is $5.62 and its two-hundred day moving average price is $5.23. ACCO Brands has a 52 week low of $4.36 and a 52 week high of $6.62.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $420.90 million for the quarter, compared to analysts’ expectations of $418.20 million. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. ACCO Brands’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. On average, equities analysts predict that ACCO Brands will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On ACCO Brands

A number of large investors have recently made changes to their positions in ACCO. DMC Group LLC grew its stake in ACCO Brands by 10.7% in the third quarter. DMC Group LLC now owns 26,287 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 2,538 shares during the period. Wedge Capital Management L L P NC boosted its stake in ACCO Brands by 1.6% during the third quarter. Wedge Capital Management L L P NC now owns 179,805 shares of the industrial products company’s stock worth $984,000 after acquiring an additional 2,788 shares in the last quarter. nVerses Capital LLC grew its holdings in ACCO Brands by 68.3% in the third quarter. nVerses Capital LLC now owns 6,900 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 2,800 shares during the period. FMR LLC boosted its position in shares of ACCO Brands by 123.0% in the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 3,260 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in ACCO Brands by 8.8% during the third quarter. XTX Topco Ltd now owns 58,905 shares of the industrial products company’s stock valued at $322,000 after buying an additional 4,781 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors.

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.