Somewhat Positive Media Coverage Somewhat Unlikely to Affect Acco Brands Corporation (ACCO) Stock Price
Media stories about Acco Brands Corporation (NYSE:ACCO) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Acco Brands Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.3953997947995 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Global Stationery Products Industry (finance.yahoo.com)
- ACCO Brands : Kensington Introduces New Keyed Cable Lock for Microsoft Surface Pro (4-traders.com)
- ACCO Brands Corp. breached its 50 day moving average in a Bullish Manner : ACCO-US : September 18, 2017 (finance.yahoo.com)
Several research firms have issued reports on ACCO. ValuEngine lowered shares of Acco Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub upgraded shares of Acco Brands Corporation from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Zacks Investment Research lowered shares of Acco Brands Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BWS Financial restated a “buy” rating and set a $18.00 price target on shares of Acco Brands Corporation in a research report on Tuesday, July 4th.
Shares of Acco Brands Corporation (NYSE:ACCO) traded up 0.87% during trading on Friday, hitting $11.60. 485,754 shares of the stock traded hands. Acco Brands Corporation has a 12 month low of $9.06 and a 12 month high of $14.75. The stock has a market cap of $1.26 billion, a PE ratio of 23.11 and a beta of 1.37. The firm’s 50-day moving average price is $11.01 and its 200-day moving average price is $12.07.
Acco Brands Corporation (NYSE:ACCO) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Acco Brands Corporation had a net margin of 3.25% and a return on equity of 15.03%. The business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $497.17 million. During the same period last year, the company posted $0.25 EPS. The business’s revenue was up 19.5% on a year-over-year basis. Analysts anticipate that Acco Brands Corporation will post $1.10 EPS for the current year.
In related news, insider Gregory J. Mccormack sold 25,000 shares of Acco Brands Corporation stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $10.95, for a total transaction of $273,750.00. Following the completion of the transaction, the insider now directly owns 63,889 shares of the company’s stock, valued at approximately $699,584.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Neal V. Fenwick purchased 12,313 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average cost of $10.60 per share, with a total value of $130,517.80. Following the completion of the purchase, the vice president now owns 423,311 shares in the company, valued at approximately $4,487,096.60. The disclosure for this purchase can be found here. 4.50% of the stock is currently owned by insiders.
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About Acco Brands Corporation
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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