Will ACCO Brands Corporation (ACCO) Surpass The Expectations That Analysts Have Set?

Remigio Civitarese
Agosto 12, 2017

Other equities analysts have also issued reports about the stock. ACCO Brands Corporation (NYSE:ACCO) notched a 12-month high of $15.75 while $18.00 target is by far the most aggressive out of analysts who are now evaluating ACCO, $2.25 higher than the next highest 52-week price estimate.

Dimensional Fund Advisors Lp raised its position in Acco Brands Corporation stock by 108,304 shares in the last quarter. Finally, BWS Financial reissued a buy rating and set a $18.00 target price on shares of Acco Brands Corporation in a research report on Tuesday, July 4th.

Eqis Capital Management Inc. increased its stake in Acco Brands Corporation (NYSE:ACCO) by 15.2% during the second quarter, according to its most recent filing with the SEC. The company has a market capitalization of $1.19 billion, a PE ratio of 21.71 and a beta of 1.30.

ACCO Brands Corporation (ACCO) closed -12.76% below its 200-day moving average and is -5.89% below another chart threshold, its 50-day moving average.

Acco Brands Corporation (NYSE:ACCO) last announced its quarterly earnings data on Tuesday, August 1st. The company posted earnings of $490 M for the period end, compared with brokerage expectations of $497.17 M. Acco Brands Corporation had a net profit margin of 3.25% and a ROE of 15.03%. the firms end of quarter revenue went up 19.5% compared with the same period in the prior year. Next quarter's EPS is estimated at $0.41 and the next full year EPS is anticipated to be $1.18. The company's revenue was up 19.5% compared to the same quarter previous year. Analysts forecast that Acco Brands Corporation will post $1.10 earnings per share for the current year.

Over the last 5 years, ACCO Brands Corporation has averaged a 22.00% YoY EPS growth rate and a 3.40% revenue growth rate. If you are accessing this news story on another publication, it was illegally copied and republished in violation of worldwide copyright & trademark law. The original version of this piece can be read at https://baseballnewssource.com/markets/bidaskclub-upgrades-acco-brands-corporation-nyseacco-to-sell/1443618.html.

In other Acco Brands Corporation news, SVP Kathy D. Schnaedter sold 68,653 shares of Acco Brands Corporation stock in a transaction on Wednesday, June 7th. The mean target of $16.50 should be compared with the price when the stock was languishing around $9.06 a share. The stock last traded at $10.90 quite a bit below $11.58, the 50 day moving average and which is much lower than the 200 day moving average of $12.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Neal V. Fenwick purchased 12,313 shares of the business's stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $10.60 per share, for a total transaction of $130,517.80. Following the sale, the senior vice president now owns 68,655 shares in the company, valued at approximately $773,055.30. The disclosure for this purchase can be found here. Finally, New York State Teachers Retirement System boosted its stake in Acco Brands Corporation by 1.1% in the first quarter. Victory Capital Management Inc. now owns 8,125 shares of the industrial products company's stock worth $107,000 after buying an additional 625 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Acco Brands Corporation by 45.0% in the first quarter. Virginia Retirement Systems ET AL now owns 10,500 shares of the industrial products company's stock worth $122,000 after buying an additional 400 shares during the period. Ameritas Investment Partners Inc. bought a new position in Acco Brands Corporation during the first quarter valued at $112,000. New York State Teachers Retirement System now owns 9,400 shares of the industrial products company's stock valued at $124,000 after buying an additional 100 shares in the last quarter.

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE