ACCO Brands (NYSE:ACCO) Downgraded to "Buy" Rating by StockNews.com

ACCO Brands (NYSE:ACCO - Get Free Report) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Friday.

Separately, Barrington Research raised their price objective on shares of ACCO Brands from $7.00 to $7.50 and gave the stock an "outperform" rating in a research note on Friday, November 22nd.

ACCO Brands Trading Down 2.4 %

Shares of ACCO Brands stock traded down $0.13 on Friday, reaching $5.30. The company had a trading volume of 1,877,456 shares, compared to its average volume of 632,558. The firm's 50-day moving average price is $5.65 and its two-hundred day moving average price is $5.24. ACCO Brands has a 1 year low of $4.36 and a 1 year high of $6.62. The firm has a market cap of $492.27 million, a price-to-earnings ratio of -2.80, a P/E/G ratio of 0.48 and a beta of 1.67. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94.

ACCO Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The company had revenue of $420.90 million during the quarter, compared to analyst estimates of $418.20 million. During the same period in the previous year, the firm earned $0.24 earnings per share. ACCO Brands's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, research analysts predict that ACCO Brands will post 1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ACCO Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACCO. Nisa Investment Advisors LLC increased its holdings in ACCO Brands by 841.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 16,232 shares of the industrial products company's stock worth $76,000 after purchasing an additional 14,507 shares during the period. Bank of New York Mellon Corp increased its stake in shares of ACCO Brands by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 1,299,759 shares of the industrial products company's stock valued at $6,109,000 after buying an additional 76,840 shares during the period. Privium Fund Management UK Ltd purchased a new stake in ACCO Brands in the second quarter worth about $773,000. Victory Capital Management Inc. grew its holdings in ACCO Brands by 11.0% during the 2nd quarter. Victory Capital Management Inc. now owns 268,093 shares of the industrial products company's stock worth $1,260,000 after acquiring an additional 26,493 shares in the last quarter. Finally, American Century Companies Inc. increased its position in ACCO Brands by 113.0% during the 2nd quarter. American Century Companies Inc. now owns 1,063,997 shares of the industrial products company's stock valued at $5,001,000 after purchasing an additional 564,406 shares during the period. 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.