Zacks: ACCO Brands Co. (ACCO) Given Consensus Rating of “Buy” by Analysts
ACCO Brands Co. (NYSE:ACCO) has earned a consensus broker rating score of 2.25 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.
Analysts have set a one year consensus price objective of $15.67 for the company and are expecting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also given ACCO Brands an industry rank of 35 out of 265 based on the ratings given to related companies.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, October 31st. SunTrust Banks reaffirmed a “hold” rating and issued a $13.00 price objective on shares of ACCO Brands in a research note on Wednesday, November 1st. Finally, BidaskClub raised ACCO Brands from a “hold” rating to a “buy” rating in a research note on Friday, October 13th.
ACCO Brands (NYSE ACCO) traded up $0.15 on Friday, reaching $12.80. The company’s stock had a trading volume of 378,872 shares, compared to its average volume of 392,749. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.70. The company has a market capitalization of $1,360.00, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.50. ACCO Brands has a twelve month low of $10.35 and a twelve month high of $14.75.
ACCO Brands (NYSE:ACCO) last released its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. ACCO Brands had a return on equity of 15.99% and a net margin of 3.51%. The company had revenue of $532.20 million for the quarter, compared to analysts’ expectations of $529.65 million. During the same period last year, the firm posted $0.29 earnings per share. ACCO Brands’s revenue was up 23.4% compared to the same quarter last year. sell-side analysts predict that ACCO Brands will post 1.15 EPS for the current fiscal year.
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ACCO Brands Company Profile
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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