ACCO Brands (NYSE:ACCO) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of ACCO Brands (NYSE:ACCO) from a hold rating to a buy rating in a research note released on Friday morning.

Separately, Barrington Research cut their price target on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th.

ACCO Brands Stock Down 3.0 %

ACCO stock opened at $4.38 on Friday. The firm has a fifty day moving average price of $4.89 and a two-hundred day moving average price of $5.26. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. ACCO Brands has a 1-year low of $4.30 and a 1-year high of $6.44. The firm has a market cap of $406.35 million, a price-to-earnings ratio of -4.13, a PEG ratio of 0.37 and a beta of 1.74.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The business had revenue of $448.10 million for the quarter, compared to the consensus estimate of $455.06 million. Research analysts predict that ACCO Brands will post 1.02 EPS for the current year.

ACCO Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.86%. ACCO Brands’s dividend payout ratio (DPR) is presently -28.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACCO. FMR LLC increased its stake in shares of ACCO Brands by 123.0% in the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 3,260 shares during the period. EP Wealth Advisors LLC bought a new position in ACCO Brands in the 3rd quarter worth approximately $61,000. Y Intercept Hong Kong Ltd bought a new position in ACCO Brands in the 3rd quarter worth approximately $63,000. Burns Matteson Capital Management LLC acquired a new stake in ACCO Brands in the 4th quarter valued at approximately $61,000. Finally, Xponance Inc. bought a new stake in ACCO Brands during the 4th quarter valued at $65,000. 84.56% of the stock is owned by institutional investors and hedge funds.

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.