ACCO Brands (NYSE:ACCO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $14.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 13.82% from the stock’s previous close.

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. “

ACCO has been the subject of a number of other reports. SunTrust Banks reissued a “hold” rating and set a $13.00 price target on shares of ACCO Brands in a research report on Wednesday, November 1st. BidaskClub raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. ACCO Brands has an average rating of “Buy” and a consensus price target of $15.00.

ACCO Brands (ACCO) opened at $12.30 on Wednesday. ACCO Brands has a 12-month low of $10.35 and a 12-month high of $14.75. The stock has a market cap of $1,294.59, a PE ratio of 21.21, a P/E/G ratio of 0.99 and a beta of 1.50. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.70.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. ACCO Brands had a net margin of 3.51% and a return on equity of 15.99%. The company had revenue of $532.20 million during the quarter, compared to analysts’ expectations of $529.65 million. During the same period last year, the company posted $0.29 EPS. ACCO Brands’s revenue was up 23.4% on a year-over-year basis. equities analysts anticipate that ACCO Brands will post 1.15 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of ACCO. Royal Bank of Canada raised its holdings in ACCO Brands by 5.9% in the second quarter. Royal Bank of Canada now owns 6,122,124 shares of the industrial products company’s stock worth $71,323,000 after buying an additional 339,057 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in ACCO Brands by 35.0% in the third quarter. Ameriprise Financial Inc. now owns 832,693 shares of the industrial products company’s stock worth $9,911,000 after buying an additional 216,020 shares during the last quarter. Northern Trust Corp raised its holdings in ACCO Brands by 9.5% in the second quarter. Northern Trust Corp now owns 2,428,165 shares of the industrial products company’s stock worth $28,288,000 after buying an additional 210,786 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in ACCO Brands by 16.6% in the third quarter. Russell Investments Group Ltd. now owns 1,268,126 shares of the industrial products company’s stock worth $15,089,000 after buying an additional 180,698 shares during the last quarter. Finally, Boston Partners raised its holdings in ACCO Brands by 6.3% in the third quarter. Boston Partners now owns 1,914,787 shares of the industrial products company’s stock worth $22,786,000 after buying an additional 114,308 shares during the last quarter. 91.17% of the stock is owned by institutional investors and hedge funds.

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About ACCO Brands

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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