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

ACCO Brands (NYSE:ACCO) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Separately, Barrington Research decreased their price objective on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a report on Tuesday.

ACCO Brands Price Performance

Shares of ACCO stock opened at $4.66 on Wednesday. The company has a market capitalization of $433.01 million, a P/E ratio of -4.40, a P/E/G ratio of 0.37 and a beta of 1.68. The company’s 50-day simple moving average is $5.16 and its two-hundred day simple moving average is $5.37. ACCO Brands has a one year low of $4.30 and a one year high of $6.43. 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) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $448.10 million during the quarter, compared to the consensus estimate of $455.06 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. As a group, equities analysts anticipate that ACCO Brands will post 1.02 EPS for the current year.

Institutional Trading of ACCO Brands

A number of hedge funds have recently bought and sold shares of ACCO. Mackenzie Financial Corp raised its position in shares of ACCO Brands by 132.6% in the 4th quarter. Mackenzie Financial Corp now owns 146,331 shares of the industrial products company’s stock worth $768,000 after acquiring an additional 83,428 shares in the last quarter. PharVision Advisers LLC purchased a new position in ACCO Brands in the fourth quarter valued at about $438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ACCO Brands by 25.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 345,511 shares of the industrial products company’s stock worth $1,814,000 after purchasing an additional 70,365 shares in the last quarter. Two Sigma Advisers LP raised its holdings in ACCO Brands by 2.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,193,265 shares of the industrial products company’s stock worth $6,265,000 after purchasing an additional 30,800 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of ACCO Brands by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 858,229 shares of the industrial products company’s stock valued at $4,506,000 after buying an additional 35,067 shares during the last quarter. 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.