ACCO Brands (NYSE:ACCO) Rating Lowered to Hold at StockNews.com

ACCO Brands (NYSE:ACCO) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Separately, Barrington Research reissued an “outperform” rating and set a $7.50 target price on shares of ACCO Brands in a research note on Thursday, February 29th.

ACCO Brands Price Performance

Shares of NYSE ACCO traded up $0.10 during mid-day trading on Monday, reaching $4.98. The company had a trading volume of 511,870 shares, compared to its average volume of 674,714. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.97 and a current ratio of 1.58. ACCO Brands has a one year low of $4.64 and a one year high of $6.62. The firm has a market cap of $476.29 million, a price-to-earnings ratio of -18.44, a PEG ratio of 0.38 and a beta of 1.66. The business’s 50-day simple moving average is $5.25 and its 200 day simple moving average is $5.55.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. ACCO Brands had a positive return on equity of 12.19% and a negative net margin of 1.36%. The company had revenue of $358.90 million for the quarter, compared to analysts’ expectations of $371.80 million. During the same quarter last year, the business earned $0.09 earnings per share. ACCO Brands’s revenue was down 10.9% on a year-over-year basis. On average, research analysts predict that ACCO Brands will post 1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. New York State Teachers Retirement System bought a new position in ACCO Brands during the 4th quarter worth $50,000. MQS Management LLC acquired a new stake in ACCO Brands during the 3rd quarter worth about $66,000. Gladius Capital Management LP acquired a new stake in ACCO Brands during the 4th quarter worth about $73,000. Sherbrooke Park Advisers LLC acquired a new stake in ACCO Brands during the 3rd quarter worth about $82,000. Finally, AXQ Capital LP grew its holdings in ACCO Brands by 34.8% during the 3rd quarter. AXQ Capital LP now owns 16,770 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 4,332 shares during the period. 84.56% of the stock is owned by institutional investors.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.