Acco Brands Corporation (ACCO) Getting Somewhat Positive News Coverage, Study Shows

News articles about Acco Brands Corporation (NYSE:ACCO) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Acco Brands Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 33 out of 100, indicating that recent news coverage is unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

ACCO has been the topic of a number of research reports. Zacks Investment Research lowered shares of Acco Brands Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. BidaskClub raised shares of Acco Brands Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. ValuEngine raised shares of Acco Brands Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 18th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $18.00 price target on shares of Acco Brands Corporation in a research note on Tuesday, July 4th.

Shares of Acco Brands Corporation (NYSE ACCO) opened at 11.85 on Wednesday. The firm has a market cap of $1.30 billion, a P/E ratio of 13.89 and a beta of 1.30. Acco Brands Corporation has a 12-month low of $9.06 and a 12-month high of $14.75. The firm has a 50-day moving average of $11.54 and a 200-day moving average of $12.79.

Acco Brands Corporation (NYSE:ACCO) last announced its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. Acco Brands Corporation had a net margin of 5.75% and a return on equity of 13.98%. The company had revenue of $359.80 million for the quarter, compared to the consensus estimate of $342.56 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The company’s revenue for the quarter was up 29.4% compared to the same quarter last year. On average, equities analysts forecast that Acco Brands Corporation will post $1.08 earnings per share for the current fiscal year.

In other Acco Brands Corporation news, SVP Kathy D. Schnaedter sold 68,653 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $11.26, for a total value of $773,032.78. Following the sale, the senior vice president now owns 68,655 shares of the company’s stock, valued at $773,055.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is owned by corporate insiders.

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About Acco Brands Corporation

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.

Insider Buying and Selling by Quarter for Acco Brands Corporation (NYSE:ACCO)

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