ACCO Brands (NYSE:ACCO) Lowered to Hold Rating by StockNews.com

ACCO Brands (NYSE:ACCO - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Wednesday.

Separately, Barrington Research reduced their price objective on ACCO Brands from $7.50 to $7.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th.

ACCO Brands Stock Performance

NYSE:ACCO traded up $0.04 during trading hours on Wednesday, hitting $4.68. 1,045,266 shares of the company were exchanged, compared to its average volume of 767,445. 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 has a 52-week low of $4.30 and a 52-week high of $6.43. The stock has a market capitalization of $434.22 million, a price-to-earnings ratio of -4.41, a PEG ratio of 0.37 and a beta of 1.68. The company's 50 day moving average price is $5.15 and its 200-day moving average price is $5.37.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of ACCO Brands by 123.0% in the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company's stock valued at $32,000 after buying an additional 3,260 shares during the period. EP Wealth Advisors LLC purchased a new position in ACCO Brands during the third quarter valued at approximately $61,000. Burns Matteson Capital Management LLC purchased a new position in ACCO Brands during the fourth quarter valued at approximately $61,000. Y Intercept Hong Kong Ltd acquired a new position in ACCO Brands in the third quarter valued at approximately $63,000. Finally, Xponance Inc. purchased a new stake in ACCO Brands in the 4th quarter worth approximately $65,000. 84.56% of the stock is currently owned by institutional investors and hedge funds.

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.