Acco Brands (NYSE:ACCO) Upgraded at Wall Street Zen

Acco Brands (NYSE:ACCO) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Acco Brands in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Acco Brands Stock Performance

NYSE:ACCO opened at $3.94 on Friday. The stock has a market cap of $354.70 million, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 0.37 and a beta of 1.09. The company has a current ratio of 1.68, a quick ratio of 0.96 and a debt-to-equity ratio of 1.30. The stock’s 50-day moving average is $3.61 and its 200-day moving average is $3.79. Acco Brands has a 1-year low of $3.20 and a 1-year high of $5.68.

Acco Brands (NYSE:ACCO) last issued its quarterly earnings data on Friday, March 15th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter. Acco Brands had a net margin of 2.63% and a return on equity of 12.96%. The business had revenue of $499.40 million during the quarter. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Equities research analysts anticipate that Acco Brands will post 1.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Acco Brands by 0.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 818,489 shares of the industrial products company’s stock valued at $2,930,000 after purchasing an additional 3,039 shares during the last quarter. Quantbot Technologies LP raised its stake in Acco Brands by 8.3% during the second quarter. Quantbot Technologies LP now owns 78,218 shares of the industrial products company’s stock worth $280,000 after buying an additional 6,018 shares during the last quarter. Inspire Investing LLC lifted its holdings in Acco Brands by 8.1% in the first quarter. Inspire Investing LLC now owns 82,556 shares of the industrial products company’s stock valued at $346,000 after buying an additional 6,165 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Acco Brands by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company’s stock valued at $41,000 after buying an additional 6,436 shares during the period. Finally, Merit Financial Group LLC boosted its position in Acco Brands by 55.6% during the third quarter. Merit Financial Group LLC now owns 20,211 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 7,224 shares during the last quarter. Institutional investors and hedge funds own 84.56% of the company’s stock.

Acco Brands Company Profile

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company’s portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.