A number of firms have modified their ratings and price targets on shares of Acco Brands Corporation (NYSE: ACCO) recently:

  • 8/8/2017 – Acco Brands Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/4/2017 – Acco Brands Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market. “
  • 8/3/2017 – Acco Brands Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market. “
  • 8/2/2017 – Acco Brands Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/28/2017 – Acco Brands Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/25/2017 – Acco Brands Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/19/2017 – Acco Brands Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market. “
  • 7/4/2017 – Acco Brands Corporation had its “buy” rating reaffirmed by analysts at BWS Financial. They now have a $18.00 price target on the stock.
  • 6/28/2017 – Acco Brands Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/21/2017 – Acco Brands Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Acco Brands Corporation (NYSE:ACCO) traded up 0.46% on Thursday, hitting $10.95. The company’s stock had a trading volume of 276,648 shares. The stock has a market cap of $1.19 billion, a PE ratio of 21.81 and a beta of 1.30. The firm has a 50 day moving average of $11.59 and a 200-day moving average of $12.50. Acco Brands Corporation has a 12 month low of $9.06 and a 12 month high of $14.75.

Acco Brands Corporation (NYSE:ACCO) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. Acco Brands Corporation had a return on equity of 15.03% and a net margin of 3.25%. The business had revenue of $490 million during the quarter, compared to the consensus estimate of $497.17 million. During the same period last year, the business posted $0.25 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts expect that Acco Brands Corporation will post $1.10 earnings per share for the current fiscal year.

In other news, SVP Kathy D. Schnaedter sold 68,653 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $11.26, for a total value of $773,032.78. Following the completion of the transaction, the senior vice president now directly owns 68,655 shares of the company’s stock, valued at $773,055.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Neal V. Fenwick purchased 12,313 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average cost of $10.60 per share, with a total value of $130,517.80. Following the completion of the acquisition, the vice president now directly owns 423,311 shares of the company’s stock, valued at $4,487,096.60. The disclosure for this purchase can be found here. Company insiders own 4.50% of the company’s stock.

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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