Acco Brands Corporation (NYSE:ACCO) Getting Somewhat Positive News Coverage, Report Finds
Media headlines about Acco Brands Corporation (NYSE:ACCO) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Acco Brands Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.0141843771558 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Fox Run Management LLC Reduces Stake in Acco Brands Corporation (NYSE:ACCO) (elcumanes.com)
- BidaskClub Upgrades Acco Brands Corporation (ACCO) to “Sell” (lazeresportes.com)
- Eqis Capital Management Inc. Raises Position in Acco Brands Corporation (ACCO) (overnewsmagazine.com)
- Norges Bank Lowers Its Position in Acco Brands Corporation (ACCO) Stock (campdesrecrues.com)
- See what the IHS Markit Score report has to say about Acco Brands Corp. (finance.yahoo.com)
Acco Brands Corporation (ACCO) opened at 10.90 on Friday. The stock has a market capitalization of $1.19 billion, a PE ratio of 21.71 and a beta of 1.30. The firm has a 50-day moving average of $11.58 and a 200-day moving average of $12.48. Acco Brands Corporation has a 52-week low of $9.06 and a 52-week high of $14.75.
Acco Brands Corporation (NYSE:ACCO) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $490 million for the quarter, compared to the consensus estimate of $497.17 million. Acco Brands Corporation had a net margin of 3.25% and a return on equity of 15.03%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. On average, equities analysts expect that Acco Brands Corporation will post $1.10 EPS for the current year.
A number of research firms have weighed in on ACCO. Zacks Investment Research cut shares of Acco Brands Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. ValuEngine cut shares of Acco Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub cut shares of Acco Brands Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, BWS Financial reissued a “buy” rating and issued a $18.00 price objective on shares of Acco Brands Corporation in a research report on Tuesday, July 4th.
In other Acco Brands Corporation news, SVP Kathy D. Schnaedter sold 68,653 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $11.26, for a total value of $773,032.78. Following the sale, the senior vice president now directly owns 68,655 shares in the company, valued at approximately $773,055.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Neal V. Fenwick purchased 12,313 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $10.60 per share, for a total transaction of $130,517.80. Following the completion of the transaction, the vice president now directly owns 423,311 shares in the company, 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 Company Profile
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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