Zacks: ACCO Brands Co. (ACCO) Given Average Recommendation of “Buy” by Analysts

Shares of ACCO Brands Co. (NYSE:ACCO) have been given an average broker rating score of 2.25 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 12 month consensus target price of $15.67 for the company and are forecasting 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 38 out of 265 based on the ratings given to related companies.

ACCO has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 3rd. Finally, SunTrust Banks restated a “hold” rating and set a $13.00 price objective on shares of ACCO Brands in a research note on Wednesday, November 1st.

A number of institutional investors have recently modified their holdings of ACCO. DekaBank Deutsche Girozentrale raised its position in ACCO Brands by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,112 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 4,002 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in ACCO Brands by 12.0% in the second quarter. Ameritas Investment Partners Inc. now owns 9,496 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 1,014 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in ACCO Brands in the third quarter worth about $120,000. Hotchkis & Wiley Capital Management LLC bought a new stake in ACCO Brands in the third quarter worth about $136,000. Finally, Dynamic Technology Lab Private Ltd raised its position in ACCO Brands by 25.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 12,658 shares of the industrial products company’s stock worth $147,000 after acquiring an additional 2,571 shares in the last quarter. Hedge funds and other institutional investors own 91.34% of the company’s stock.

Shares of ACCO Brands (NYSE:ACCO) traded down $0.20 during midday trading on Monday, hitting $12.15. 175,162 shares of the company were exchanged, compared to its average volume of 349,797. ACCO Brands has a fifty-two week low of $10.35 and a fifty-two week high of $14.75. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $1,320.00, a PE ratio of 21.40, a P/E/G ratio of 0.95 and a beta of 1.50.

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About ACCO Brands

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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