Wall Street Zen Downgrades Acco Brands (NYSE:ACCO) to Hold

Acco Brands (NYSE:ACCO) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

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

Acco Brands Price Performance

Shares of NYSE:ACCO opened at $4.05 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.68 and a debt-to-equity ratio of 1.30. The stock’s 50 day moving average is $3.65 and its 200-day moving average is $3.81. Acco Brands has a twelve month low of $3.20 and a twelve month high of $5.68. The firm has a market capitalization of $365.05 million, a price-to-earnings ratio of 9.64, a PEG ratio of 0.38 and a beta of 1.09.

Acco Brands (NYSE:ACCO) last issued its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $383.70 million for the quarter, compared to analysts’ expectations of $391.07 million. Acco Brands had a return on equity of 12.96% and a net margin of 2.63%.Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Sell-side analysts forecast that Acco Brands will post 1.02 EPS for the current fiscal year.

Institutional Trading of Acco Brands

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ballentine Partners LLC acquired a new stake in shares of Acco Brands in the second quarter valued at about $40,000. 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 worth $41,000 after purchasing an additional 6,436 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Acco Brands during the 3rd quarter valued at about $42,000. Kapitalo Investimentos Ltda acquired a new stake in Acco Brands during the 2nd quarter worth about $55,000. Finally, Nisa Investment Advisors LLC raised its position in Acco Brands by 725.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 15,136 shares of the industrial products company’s stock valued at $56,000 after buying an additional 13,303 shares during the period. Hedge funds and other institutional investors 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.