A share price of Acco Brands Corporation [ACCO] is currently trading at $5.10, up 1.59%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ACCO shares have gain 3.66% over the last week, with a monthly amount drifted -0.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Acco Brands Corporation [NYSE: ACCO] stock has seen the most recent analyst activity on February 14, 2023, when BWS Financial downgraded its rating to a Neutral. Previously, KeyBanc Capital Markets upgraded its rating to Overweight on November 12, 2020, and kept the price target unchanged to $12. On February 14, 2019, Barrington Research reiterated its Outperform rating and revised its price target to $11 on the stock. BWS Financial started tracking the stock assigning a Buy rating and suggested a price target of $18 on January 25, 2017. Barrington Research reiterated its recommendation of a Outperform and raised its price target to $11 on April 29, 2016. Barclays started tracking with a Equal Weight rating for this stock on January 18, 2013, and assigned it a price target of $9.
Acco Brands Corporation experienced fluctuations in its stock price throughout the past year between $4.64 and $6.62. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Acco Brands Corporation [NYSE: ACCO] shares were valued at $5.10 at the most recent close of the market. An investor can expect a potential return of 56.86% based on the average ACCO price forecast.
Analyzing the ACCO fundamentals
Trailing Twelve Months sales for Acco Brands Corporation [NYSE:ACCO] were 1.79B which represents -10.85% decline. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.03 points at the first support level, and at 4.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.14, and for the 2nd resistance point, it is at 5.19.
Acco Brands Corporation [ACCO] reported earnings per share of $0.03 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of $0.01 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.39 per share as compared to estimates of $0.33 per share, a difference of $0.06 representing a surprise of 18.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Acco Brands Corporation [NYSE:ACCO] is 1.69. Further, the Quick Ratio stands at 0.95, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 0.68.
Transactions by insiders
Recent insider trading involved Jones Angela Y, SVP, Global Chief People Offic, that happened on May 07 ’24 when 15000.0 shares were sold. SVP, Global Products & Ops, McCormack Gregory J. completed a deal on Aug 21 ’23 to sell 11723.0 shares.
