Barrington Research restated their buy rating on shares of ACCO Brands (NYSE:ACCO) in a research report released on Tuesday morning, AnalystRatings.com reports.
Several other research analysts have also weighed in on the company. Zacks Investment Research raised ACCO Brands from a sell rating to a hold rating in a research report on Monday, January 6th. ValuEngine raised ACCO Brands from a strong sell rating to a sell rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $12.00.
Shares of ACCO Brands stock opened at $9.76 on Tuesday. The stock has a 50-day moving average price of $9.11 and a 200 day moving average price of $9.39. The company has a market cap of $983.45 million, a P/E ratio of 9.21, a P/E/G ratio of 1.14 and a beta of 1.73. The company has a current ratio of 1.62, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26. ACCO Brands has a 1 year low of $7.25 and a 1 year high of $11.38.
A number of hedge funds have recently modified their holdings of ACCO. First Trust Advisors LP boosted its holdings in ACCO Brands by 32.2% in the 1st quarter. First Trust Advisors LP now owns 315,635 shares of the industrial products company’s stock worth $2,702,000 after acquiring an additional 76,829 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in ACCO Brands by 1.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 91,578 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 1,375 shares during the period. Nuveen Asset Management LLC purchased a new position in ACCO Brands in the 2nd quarter worth approximately $3,925,000. Fox Run Management L.L.C. purchased a new position in ACCO Brands in the 3rd quarter worth approximately $143,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in ACCO Brands in the 3rd quarter worth approximately $185,000. 88.72% of the stock is currently owned by institutional investors.
About ACCO Brands
ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
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