ACCO Brands Co. (NYSE:ACCO) has earned an average broker rating score of 2.25 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.
Analysts have set a 12-month consensus price target of $15.67 for the company and are forecasting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also assigned ACCO Brands an industry rank of 6 out of 265 based on the ratings given to its competitors.
Several brokerages have weighed in on ACCO. Zacks Investment Research downgraded ACCO Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. SunTrust Banks reaffirmed a “hold” rating and set a $13.00 target price on shares of ACCO Brands in a research note on Wednesday, November 1st.
Several institutional investors and hedge funds have recently bought and sold shares of ACCO. Principal Financial Group Inc. raised its stake in shares of ACCO Brands by 4.3% in the 2nd quarter. Principal Financial Group Inc. now owns 20,397 shares of the industrial products company’s stock worth $238,000 after buying an additional 845 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of ACCO Brands by 0.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 503,029 shares of the industrial products company’s stock worth $5,860,000 after acquiring an additional 3,846 shares during the last quarter. Amalgamated Bank grew its holdings in shares of ACCO Brands by 2.6% in the 2nd quarter. Amalgamated Bank now owns 13,703 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 349 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of ACCO Brands by 17.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 22,681 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 3,420 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of ACCO Brands by 5.0% in the 2nd quarter. New York State Common Retirement Fund now owns 114,300 shares of the industrial products company’s stock worth $1,332,000 after acquiring an additional 5,399 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors.
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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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