Media coverage about ACCO Brands (NYSE:ACCO) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ACCO Brands earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.3627040226761 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Separately, Zacks Investment Research lowered ACCO Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. ACCO Brands currently has a consensus rating of “Buy” and an average price target of $15.33.
ACCO Brands (NYSE ACCO) traded up $0.02 during trading hours on Wednesday, reaching $13.12. The company had a trading volume of 302,288 shares, compared to its average volume of 590,101. ACCO Brands has a one year low of $10.35 and a one year high of $14.75. The stock has a market cap of $1,399.24, a price-to-earnings ratio of 11.14, a PEG ratio of 0.97 and a beta of 1.21. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 1.15.
ACCO Brands declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 14th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a Not Available dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Thursday, March 1st will be paid a $0.06 dividend. The ex-dividend date is Wednesday, February 28th. ACCO Brands’s payout ratio is 20.00%.
In related news, CAO Kathy D. Schnaedter sold 8,178 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $13.05, for a total value of $106,722.90. Following the sale, the chief accounting officer now owns 72,299 shares in the company, valued at approximately $943,501.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas W. Tedford sold 241,266 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $13.36, for a total value of $3,223,313.76. Following the completion of the sale, the vice president now owns 190,500 shares in the company, valued at approximately $2,545,080. The disclosure for this sale can be found here. Insiders sold 451,058 shares of company stock valued at $6,058,908 over the last 90 days. Company insiders own 4.50% of the company’s stock.
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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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