Acco Brands (NYSE:ACCO) Stock Rating Lowered by Wall Street Zen

Acco Brands (NYSE:ACCO) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Acco Brands in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.00.

Acco Brands Trading Down 1.9%

ACCO opened at $4.05 on Friday. The company has a market cap of $365.07 million, a P/E ratio of 9.64, a PEG ratio of 0.38 and a beta of 1.09. The company has a current ratio of 1.68, a quick ratio of 0.96 and a debt-to-equity ratio of 1.30. The company’s 50 day moving average is $3.66 and its 200-day moving average is $3.81. Acco Brands has a 1-year low of $3.20 and a 1-year high of $5.68.

Acco Brands (NYSE:ACCO) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $383.70 million during the quarter, compared to the consensus estimate of $391.07 million. Acco Brands had a return on equity of 12.96% and a net margin of 2.63%.Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Equities research analysts predict that Acco Brands will post 1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Acco Brands

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ballentine Partners LLC bought a new stake in Acco Brands during the second quarter valued at about $40,000. Tower Research Capital LLC TRC boosted its stake in shares of Acco Brands by 131.0% during the second quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 6,436 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Acco Brands in the third quarter worth about $42,000. Kapitalo Investimentos Ltda purchased a new position in Acco Brands during the 2nd quarter worth $55,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Acco Brands by 725.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 15,136 shares of the industrial products company’s stock worth $56,000 after buying an additional 13,303 shares during the period. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

About Acco Brands

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company’s portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.