Acco Brands (ACCO) Given Daily Coverage Optimism Score of 0.04
Press coverage about Acco Brands (NYSE:ACCO) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Acco Brands earned a news impact score of 0.04 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.7288070471914 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several analysts have weighed in on ACCO shares. BidaskClub raised Acco Brands from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research raised Acco Brands from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 3rd. ValuEngine raised Acco Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $13.00 price objective on shares of Acco Brands in a research report on Wednesday, November 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Acco Brands has an average rating of “Buy” and an average target price of $15.33.
Shares of Acco Brands (ACCO) opened at $13.10 on Monday. 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 firm has a market capitalization of $1,395.82, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 1.14 and a beta of 1.52. Acco Brands has a 12-month low of $10.35 and a 12-month high of $14.75.
Acco Brands (NYSE:ACCO) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $532.20 million for the quarter, compared to analysts’ expectations of $529.65 million. During the same period in the previous year, the firm posted $0.29 EPS. The business’s revenue was up 23.4% on a year-over-year basis. equities research analysts anticipate that Acco Brands will post 1.15 earnings per share for the current year.
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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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