Acco Brands (NYSE:ACCO) Stock Rating Upgraded by Wall Street Zen

Acco Brands (NYSE:ACCO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other equities research analysts also recently commented on ACCO. Weiss Ratings reissued a “sell (d+)” rating on shares of Acco Brands in a report on Saturday, September 27th. Barrington Research restated an “outperform” rating and issued a $6.00 price target on shares of Acco Brands in a research report on Thursday, August 14th. Finally, Zacks Research upgraded Acco Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.00.

Acco Brands Price Performance

Acco Brands stock opened at $4.12 on Friday. Acco Brands has a one year low of $3.32 and a one year high of $6.43. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.15 and a current ratio of 1.85. The business has a fifty day moving average of $3.93 and a two-hundred day moving average of $3.84. The company has a market cap of $370.88 million, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 0.48 and a beta of 1.41.

Acco Brands (NYSE:ACCO) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. The business had revenue of $394.80 million during the quarter, compared to analyst estimates of $389.81 million. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Q3 2025 guidance at 0.210-0.240 EPS. As a group, analysts predict that Acco Brands will post 1.02 earnings per share for the current fiscal year.

Institutional Trading of Acco Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in Acco Brands by 14.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,288,508 shares of the industrial products company’s stock worth $27,988,000 after purchasing an additional 910,009 shares in the last quarter. Vanguard Group Inc. increased its position in Acco Brands by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,414,341 shares of the industrial products company’s stock worth $26,876,000 after purchasing an additional 44,537 shares in the last quarter. Capital Management Corp VA increased its position in Acco Brands by 29.8% during the 2nd quarter. Capital Management Corp VA now owns 5,911,581 shares of the industrial products company’s stock worth $21,163,000 after purchasing an additional 1,358,811 shares in the last quarter. LSV Asset Management increased its position in Acco Brands by 4.9% during the 1st quarter. LSV Asset Management now owns 3,243,500 shares of the industrial products company’s stock worth $13,590,000 after purchasing an additional 151,300 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Acco Brands by 10.2% during the 2nd quarter. American Century Companies Inc. now owns 2,774,426 shares of the industrial products company’s stock worth $9,932,000 after purchasing an additional 257,144 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

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.