Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Acco Brands Corporation (NYSE:ACCO) Share Price
News stories about Acco Brands Corporation (NYSE:ACCO) have been trending somewhat positive on Sunday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Acco Brands Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.0141843771558 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Fox Run Management LLC Reduces Stake in Acco Brands Corporation (NYSE:ACCO) (elcumanes.com)
- BidaskClub Upgrades Acco Brands Corporation (ACCO) to “Sell” (lazeresportes.com)
- Eqis Capital Management Inc. Raises Position in Acco Brands Corporation (ACCO) (overnewsmagazine.com)
- Norges Bank Lowers Its Position in Acco Brands Corporation (ACCO) Stock (campdesrecrues.com)
- See what the IHS Markit Score report has to say about Acco Brands Corp. (finance.yahoo.com)
Acco Brands Corporation (ACCO) opened at 10.90 on Friday. Acco Brands Corporation has a 12 month low of $9.06 and a 12 month high of $14.75. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 21.71 and a beta of 1.30. The company has a 50-day moving average price of $11.58 and a 200 day moving average price of $12.48.
Acco Brands Corporation (NYSE:ACCO) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The company had revenue of $490 million during the quarter, compared to the consensus estimate of $497.17 million. Acco Brands Corporation had a return on equity of 15.03% and a net margin of 3.25%. Acco Brands Corporation’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. Equities analysts predict that Acco Brands Corporation will post $1.10 earnings per share for the current year.
Several brokerages recently weighed in on ACCO. BidaskClub upgraded Acco Brands Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered Acco Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. ValuEngine upgraded Acco Brands Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, BWS Financial reiterated a “buy” rating and issued a $18.00 price objective on shares of Acco Brands Corporation in a research report on Tuesday, July 4th.
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In other news, VP Neal V. Fenwick acquired 12,313 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $10.60 per share, for a total transaction of $130,517.80. Following the acquisition, the vice president now directly owns 423,311 shares in the company, valued at approximately $4,487,096.60. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kathy D. Schnaedter sold 68,653 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $11.26, for a total value of $773,032.78. Following the sale, the senior vice president now owns 68,655 shares of the company’s stock, valued at $773,055.30. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.
Acco Brands Corporation 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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