Acco Brands Corporation (NYSE:ACCO) Receives “Hold” Rating from SunTrust Banks, Inc.

SunTrust Banks, Inc. reiterated their hold rating on shares of Acco Brands Corporation (NYSE:ACCO) in a report published on Wednesday, November 1st. They currently have a $13.00 price objective on the industrial products company’s stock.

Several other research analysts have also recently commented on ACCO. BidaskClub upgraded shares of Acco Brands Corporation from a strong sell rating to a sell rating in a report on Tuesday, August 8th. ValuEngine upgraded shares of Acco Brands Corporation from a hold rating to a buy rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Acco Brands Corporation from a hold rating to a buy rating and set a $12.00 price target for the company in a research note on Thursday, August 3rd. Finally, BWS Financial reiterated a buy rating and set a $18.00 price target on shares of Acco Brands Corporation in a research note on Tuesday, July 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Acco Brands Corporation has an average rating of Buy and a consensus target price of $15.33.

Shares of Acco Brands Corporation (ACCO) traded up $0.20 on Wednesday, reaching $13.60. 570,628 shares of the company traded hands, compared to its average volume of 574,511. Acco Brands Corporation has a 1 year low of $10.35 and a 1 year high of $14.75. The stock has a market cap of $1,427.78, a P/E ratio of 13.14, a P/E/G ratio of 1.17 and a beta of 1.52. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.70.

Acco Brands Corporation (NYSE:ACCO) last announced its earnings results on Monday, October 30th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Acco Brands Corporation had a net margin of 3.51% and a return on equity of 15.99%. The firm had revenue of $532.20 million for the quarter, compared to the consensus estimate of $529.65 million. During the same period in the prior year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. research analysts predict that Acco Brands Corporation will post 1.15 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its holdings in shares of Acco Brands Corporation by 78.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,112 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 4,002 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Acco Brands Corporation by 8.3% in the 1st quarter. Victory Capital Management Inc. now owns 8,125 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 625 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Acco Brands Corporation by 12.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,496 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 1,014 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Acco Brands Corporation in the 3rd quarter valued at about $120,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Acco Brands Corporation by 24.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,461 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 2,026 shares in the last quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.

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.

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