Somewhat Favorable Press Coverage Somewhat Unlikely to Affect ACCO Brands (ACCO) Share Price
Media coverage about ACCO Brands (NYSE:ACCO) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ACCO Brands earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.4545350014687 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
ACCO Brands (NYSE ACCO) opened at $12.35 on Friday. The stock has a market cap of $1,310.58, a PE ratio of 12.06, a P/E/G ratio of 0.97 and a beta of 1.50. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. ACCO Brands has a 52-week low of $10.35 and a 52-week high of $14.75.
ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $532.20 million for the quarter, compared to the consensus estimate of $529.65 million. ACCO Brands had a net margin of 3.51% and a return on equity of 15.99%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. analysts forecast that ACCO Brands will post 1.15 earnings per share for the current year.
Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of ACCO Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. SunTrust Banks reiterated a “hold” rating and set a $13.00 price target on shares of ACCO Brands in a research report on Wednesday, November 1st. Finally, BidaskClub upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $15.00.
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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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