Acco Brands (NYSE:ACCO) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Acco Brands (NYSE:ACCO) from a hold rating to a buy rating in a research note published on Friday morning.

A number of other equities analysts have also commented on the company. Zacks Research raised Acco Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Acco Brands in a research note on Saturday, September 27th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $6.00 price target on shares of Acco Brands in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.00.

Acco Brands Price Performance

Acco Brands stock opened at $4.12 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.15 and a current ratio of 1.85. The firm has a market cap of $370.88 million, a P/E ratio of 8.76, a P/E/G ratio of 0.47 and a beta of 1.41. The business’s fifty day moving average is $3.93 and its two-hundred day moving average is $3.84. Acco Brands has a 52 week low of $3.32 and a 52 week high of $6.43.

Acco Brands (NYSE:ACCO) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $394.80 million during the quarter, compared to analyst estimates of $389.81 million. Acco Brands had a return on equity of 13.60% and a net margin of 2.90%. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Q3 2025 guidance at 0.210-0.240 EPS. Equities research analysts forecast that Acco Brands will post 1.02 earnings per share for the current fiscal year.

Acco Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 22nd were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Friday, August 22nd. Acco Brands’s dividend payout ratio is currently 63.83%.

Institutional Investors Weigh In On Acco Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming increased its holdings in Acco Brands by 106.6% in the second quarter. State of Wyoming now owns 45,642 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 23,548 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Acco Brands by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 6,436 shares in the last quarter. Oxford Asset Management LLP increased its holdings in shares of Acco Brands by 154.4% in the second quarter. Oxford Asset Management LLP now owns 104,294 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 63,299 shares in the last quarter. Engineers Gate Manager LP increased its holdings in shares of Acco Brands by 67.2% in the second quarter. Engineers Gate Manager LP now owns 137,344 shares of the industrial products company’s stock worth $492,000 after acquiring an additional 55,193 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Acco Brands by 1.2% in the second quarter. Ameriprise Financial Inc. now owns 975,447 shares of the industrial products company’s stock worth $3,492,000 after acquiring an additional 11,799 shares in the last quarter. 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.