Barrington Research Issues Pessimistic Forecast for ACCO Brands (NYSE:ACCO) Stock Price

ACCO Brands (NYSE:ACCO) had its price target lowered by Barrington Research from $7.50 to $7.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Separately, StockNews.com downgraded shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th.

ACCO Brands Stock Performance

Shares of ACCO opened at $4.53 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. ACCO Brands has a one year low of $4.30 and a one year high of $6.43. The company has a 50-day simple moving average of $5.20 and a two-hundred day simple moving average of $5.38. The firm has a market capitalization of $420.28 million, a PE ratio of -4.27, a price-to-earnings-growth ratio of 0.37 and a beta of 1.68.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $448.10 million for the quarter, compared to the consensus estimate of $455.06 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. On average, analysts anticipate that ACCO Brands will post 1.02 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend is Friday, March 14th. ACCO Brands’s dividend payout ratio (DPR) is presently -28.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ACCO. Assenagon Asset Management S.A. boosted its stake in shares of ACCO Brands by 21.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 998,189 shares of the industrial products company’s stock worth $5,460,000 after acquiring an additional 178,921 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ACCO Brands during the 3rd quarter worth $86,000. Stephens Inc. AR purchased a new position in shares of ACCO Brands during the 3rd quarter worth $131,000. Capital Management Corp VA boosted its stake in shares of ACCO Brands by 14.3% during the 3rd quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company’s stock worth $19,288,000 after acquiring an additional 439,810 shares during the last quarter. Finally, Easterly Investment Partners LLC boosted its stake in shares of ACCO Brands by 20.0% during the 3rd quarter. Easterly Investment Partners LLC now owns 222,762 shares of the industrial products company’s stock worth $1,219,000 after acquiring an additional 37,157 shares during the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.