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

ACCO Brands (NYSE:ACCO) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Separately, Barrington Research lowered their price target on shares of 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 Price Performance

NYSE ACCO opened at $3.91 on Wednesday. The business’s fifty day moving average is $4.00 and its 200 day moving average is $4.91. ACCO Brands has a fifty-two week low of $3.41 and a fifty-two week high of $6.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. The company has a market capitalization of $352.29 million, a PE ratio of -3.69, a price-to-earnings-growth ratio of 0.37 and a beta of 1.36.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The firm had revenue of $317.40 million for the quarter, compared to analysts’ expectations of $318.75 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. Sell-side analysts predict that ACCO Brands will post 1.02 earnings per share for the current year.

Institutional Investors Weigh In On ACCO Brands

A number of institutional investors and hedge funds have recently bought and sold shares of ACCO. EP Wealth Advisors LLC grew its position in shares of ACCO Brands by 40.6% during the first quarter. EP Wealth Advisors LLC now owns 22,765 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 6,577 shares in the last quarter. Graham Capital Management L.P. boosted its stake in ACCO Brands by 52.8% in the 1st quarter. Graham Capital Management L.P. now owns 125,967 shares of the industrial products company’s stock worth $528,000 after purchasing an additional 43,515 shares during the period. Trexquant Investment LP grew its holdings in ACCO Brands by 24.0% during the 1st quarter. Trexquant Investment LP now owns 497,698 shares of the industrial products company’s stock valued at $2,085,000 after buying an additional 96,450 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of ACCO Brands during the first quarter valued at approximately $119,000. Finally, Comerica Bank raised its position in shares of ACCO Brands by 25.9% during the first quarter. Comerica Bank now owns 55,632 shares of the industrial products company’s stock valued at $233,000 after buying an additional 11,446 shares during the last quarter. 84.56% of the stock is owned by institutional investors.

About ACCO Brands

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.