ACCO Brands (NYSE:ACCO) Price Target Cut to $7.00 by Analysts at Barrington Research

ACCO Brands (NYSE:ACCO - Get Free Report) had its target price lowered by equities research analysts at Barrington Research from $7.50 to $7.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Barrington Research's price objective points to a potential upside of 49.73% from the company's previous close. Barrington Research also issued estimates for ACCO Brands' Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.00 EPS and FY2026 earnings at $1.08 EPS.

Separately, StockNews.com cut ACCO Brands from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th.

ACCO Brands Stock Performance

NYSE:ACCO traded up $0.04 during mid-day trading on Tuesday, reaching $4.68. The company's stock had a trading volume of 1,045,266 shares, compared to its average volume of 767,445. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The stock has a market cap of $434.22 million, a P/E ratio of -4.41, a PEG ratio of 0.37 and a beta of 1.68. The firm's fifty day moving average price is $5.15 and its two-hundred day moving average price is $5.37. ACCO Brands has a 12-month low of $4.30 and a 12-month high of $6.43.

ACCO Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The company had revenue of $448.10 million for the quarter, compared to analysts' expectations of $455.06 million. On average, equities analysts forecast that ACCO Brands will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On ACCO Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its position in ACCO Brands by 123.0% in the third quarter. FMR LLC now owns 5,911 shares of the industrial products company's stock worth $32,000 after acquiring an additional 3,260 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of ACCO Brands in the 3rd quarter worth $61,000. Burns Matteson Capital Management LLC purchased a new stake in shares of ACCO Brands in the 4th quarter worth $61,000. Y Intercept Hong Kong Ltd bought a new position in ACCO Brands in the 3rd quarter worth $63,000. Finally, Xponance Inc. purchased a new position in ACCO Brands during the fourth quarter valued at $65,000. Hedge funds and other institutional investors own 84.56% of the company's stock.

About ACCO Brands

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.