Insider Selling: Robert Keller Sells 11,364 Shares of ACCO Brands Corp. Stock (ACCO)
ACCO Brands Corp. (NASDAQ:ACCO) Chairman Robert Keller sold 11,364 shares of ACCO Brands Corp. stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $7.02, for a total transaction of $79,775.28. Following the completion of the transaction, the chairman now directly owns 263,307 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ACCO shares. Analysts at Wells Fargo & Co. downgraded shares of ACCO Brands Corp. (NASDAQ:ACCO) from a “hold” rating to an “underperform” rating in a research note to investors on Wednesday, July 3rd. Separately, analysts at Credit Suisse downgraded shares of ACCO Brands Corp. (NASDAQ:ACCO) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 3rd. Finally, analysts at Zacks upgraded shares of ACCO Brands Corp. (NASDAQ:ACCO) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, June 26th. They now have a $6.60 price target on the stock.
One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. ACCO Brands Corp. has a consensus rating of “Hold” and an average target price of $7.80.
Shares of ACCO Brands Corp. (NASDAQ:ACCO) traded up 0.70% on Monday, hitting $7.24. The stock had a trading volume of 619,207 shares. ACCO Brands Corp. has a 52 week low of $5.80 and a 52 week high of $9.16. The stock has a 50-day moving average of $6. and a 200-day moving average of $6.88. The company has a market cap of $822.6 million and a P/E ratio of 20.84.
ACCO Brands Corp. (NASDAQ:ACCO) last released its earnings data on Wednesday, July 31st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $440.20 million for the quarter, compared to the consensus estimate of $459.49 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that ACCO Brands Corp. will post $0.89 earnings per share for the current fiscal year.
ACCO Brands Corporation is one of the suppliers of branded school and office products. The Company sells its products through many channels that include the office products resale industry as well as through mass retail distribution and e-tailers.
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