Barrington Research Reaffirms “Outperform” Rating for Acco Brands (NYSE:ACCO)

Acco Brands (NYSE:ACCO)‘s stock had its “outperform” rating reiterated by Barrington Research in a report issued on Thursday,Benzinga reports. They currently have a $6.00 target price on the industrial products company’s stock. Barrington Research’s price objective indicates a potential upside of 53.85% from the stock’s previous close.

Separately, Wall Street Zen raised Acco Brands from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th.

Acco Brands Stock Performance

Shares of ACCO opened at $3.90 on Thursday. The stock has a 50 day moving average price of $3.72 and a 200 day moving average price of $4.06. The company has a quick ratio of 1.15, a current ratio of 1.85 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $351.52 million, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 0.46 and a beta of 1.39. Acco Brands has a 52-week low of $3.32 and a 52-week high of $6.43.

Acco Brands (NYSE:ACCO) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $394.80 million during the quarter, compared to analyst estimates of $389.81 million. Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. Research analysts predict that Acco Brands will post 1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Acco Brands

Large investors have recently modified their holdings of the company. Ballentine Partners LLC acquired a new stake in shares of Acco Brands in the second quarter valued at approximately $40,000. Tower Research Capital LLC TRC lifted its holdings in shares of Acco Brands by 131.0% during the second quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 6,436 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Acco Brands during the second quarter worth $55,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Acco Brands by 25.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 3,276 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Acco Brands during the second quarter worth $78,000. 84.56% of the stock is owned by institutional investors and hedge funds.

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.