Somewhat Positive Media Coverage Somewhat Unlikely to Impact ACCO Brands (ACCO) Share Price
Media headlines about ACCO Brands (NYSE:ACCO) have trended somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ACCO Brands earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 47.7144392092603 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- MRC Global (MRC) Down on Q4 Earnings Miss, View Positive (finance.yahoo.com)
- FY2018 Earnings Estimate for ACCO Brands Co. Issued By KeyCorp (ACCO) (americanbankingnews.com)
- Research Analysts Offer Predictions for ACCO Brands Co.’s Q1 2018 Earnings (ACCO) (americanbankingnews.com)
- ACCO Brands (ACCO) Raised to Buy at Zacks Investment Research (americanbankingnews.com)
- Brokers Offer Predictions for ACCO Brands Co.’s FY2018 Earnings (ACCO) (americanbankingnews.com)
Shares of ACCO Brands (NYSE ACCO) opened at $13.65 on Tuesday. The firm has a market cap of $1,450.00, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.01 and a beta of 1.34. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. ACCO Brands has a 52-week low of $10.35 and a 52-week high of $14.75.
The company also recently announced a Not Available dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Thursday, March 1st will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, February 28th.
ACCO Brands announced that its board has authorized a share repurchase plan on Wednesday, February 14th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
ACCO has been the subject of several recent research reports. SunTrust Banks reaffirmed a “hold” rating and issued a $13.00 price objective on shares of ACCO Brands in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $15.33.
ACCO Brands 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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