Acco Brands (NYSE:ACCO) Upgraded by Zacks Research to “Hold” Rating

Acco Brands (NYSE:ACCO) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on ACCO. Weiss Ratings cut shares of Acco Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Wall Street Zen upgraded shares of Acco Brands from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Barrington Research restated an “outperform” rating and issued a $5.00 price objective on shares of Acco Brands in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.00.

Acco Brands Price Performance

ACCO stock opened at $3.93 on Monday. The firm’s 50-day moving average price is $3.33 and its two-hundred day moving average price is $3.64. Acco Brands has a 12-month low of $2.81 and a 12-month high of $4.30. The stock has a market capitalization of $362.12 million, a price-to-earnings ratio of 5.03, a PEG ratio of 0.75 and a beta of 1.15. The company has a current ratio of 1.77, a quick ratio of 0.98 and a debt-to-equity ratio of 1.25.

Acco Brands (NYSE:ACCO) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. Acco Brands had a net margin of 4.76% and a return on equity of 12.58%. The firm had revenue of $343.70 million for the quarter, compared to analysts’ expectations of $319.93 million. Acco Brands has set its FY 2026 guidance at 0.840-0.890 EPS and its Q2 2026 guidance at 0.240-0.280 EPS. As a group, equities analysts predict that Acco Brands will post 0.87 earnings per share for the current year.

Hedge Funds Weigh In On Acco Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co increased its position in shares of Acco Brands by 51.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,618 shares of the industrial products company’s stock valued at $36,000 after buying an additional 3,288 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Acco Brands during the first quarter valued at about $37,000. ExodusPoint Capital Management LP bought a new stake in Acco Brands during the fourth quarter worth about $37,000. State of Alaska Department of Revenue bought a new stake in Acco Brands during the fourth quarter worth about $39,000. Finally, Tower Research Capital LLC TRC boosted its stake in Acco Brands by 131.0% during 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. Hedge funds and other institutional investors own 84.56% of the company’s stock.

About Acco Brands

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company’s portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.