Zacks: ACCO Brands Co. (ACCO) Given Consensus Rating of “Buy” by Analysts

Shares of ACCO Brands Co. (NYSE:ACCO) have earned a consensus broker rating score of 2.25 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company.

Brokers have set a twelve-month consensus target price of $15.67 for the company and are expecting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also given ACCO Brands an industry rank of 34 out of 265 based on the ratings given to its competitors.

Several research firms have commented on ACCO. Zacks Investment Research raised shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, October 31st. SunTrust Banks reaffirmed a “hold” rating and issued a $13.00 price target on shares of ACCO Brands in a report on Wednesday, November 1st. Finally, BidaskClub raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a report on Friday, October 13th.

A number of large investors have recently bought and sold shares of ACCO. Royal Bank of Canada boosted its holdings in ACCO Brands by 5.9% in the second quarter. Royal Bank of Canada now owns 6,122,124 shares of the industrial products company’s stock valued at $71,323,000 after purchasing an additional 339,057 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in ACCO Brands by 35.0% in the third quarter. Ameriprise Financial Inc. now owns 832,693 shares of the industrial products company’s stock valued at $9,911,000 after purchasing an additional 216,020 shares during the last quarter. Northern Trust Corp boosted its stake in shares of ACCO Brands by 9.5% during the 2nd quarter. Northern Trust Corp now owns 2,428,165 shares of the industrial products company’s stock worth $28,288,000 after acquiring an additional 210,786 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of ACCO Brands by 16.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,268,126 shares of the industrial products company’s stock worth $15,089,000 after acquiring an additional 180,698 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of ACCO Brands by 6.3% during the 3rd quarter. Boston Partners now owns 1,914,787 shares of the industrial products company’s stock worth $22,786,000 after acquiring an additional 114,308 shares in the last quarter. 91.17% of the stock is currently owned by institutional investors.

Shares of ACCO Brands (NYSE:ACCO) traded up $0.10 on Friday, hitting $12.80. 297,931 shares of the stock were exchanged, compared to its average volume of 345,027. The stock has a market capitalization of $1,360.00, a price-to-earnings ratio of 22.46, a PEG ratio of 0.96 and a beta of 1.50. The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 1.39. ACCO Brands has a 12-month low of $10.35 and a 12-month high of $14.75.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. ACCO Brands had a net margin of 3.51% and a return on equity of 15.99%. The company had revenue of $532.20 million for the quarter, compared to analyst estimates of $529.65 million. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 23.4% on a year-over-year basis. equities research analysts forecast that ACCO Brands will post 1.15 EPS for the current fiscal year.

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ACCO Brands Company Profile

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.

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