Acco Brands (NYSE:ACCO – Get Free Report)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They currently have a $5.00 price objective on the industrial products company’s stock. Barrington Research’s target price would suggest a potential upside of 27.23% from the company’s current price.
Several other equities research analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Acco Brands from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings downgraded shares of Acco Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Finally, Zacks Research lowered shares of Acco Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $5.00.
View Our Latest Report on Acco Brands
Acco Brands Price Performance
Acco Brands (NYSE:ACCO – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The company had revenue of $343.70 million during the quarter, compared to analyst estimates of $319.93 million. Acco Brands had a return on equity of 12.73% and a net margin of 4.76%.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, analysts expect that Acco Brands will post 0.87 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Acco Brands
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Acco Brands in the 1st quarter valued at about $127,000. Empowered Funds LLC raised its stake in shares of Acco Brands by 3.7% during the 1st quarter. Empowered Funds LLC now owns 460,514 shares of the industrial products company’s stock worth $1,930,000 after acquiring an additional 16,343 shares in the last quarter. Creative Planning raised its stake in shares of Acco Brands by 53.3% during the 2nd quarter. Creative Planning now owns 54,421 shares of the industrial products company’s stock worth $195,000 after acquiring an additional 18,924 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Acco Brands by 0.4% during the second quarter. JPMorgan Chase & Co. now owns 818,489 shares of the industrial products company’s stock valued at $2,930,000 after acquiring an additional 3,039 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in Acco Brands by 8.3% in the second quarter. Quantbot Technologies LP now owns 78,218 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 6,018 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.
Acco Brands Company Profile
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.
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