ACCO Brands (ACCO) Downgraded by Zacks Investment Research to Hold

ACCO Brands stock has undergone multiple analysts rating changes in the recent past.  ACCO Brands Downgraded by Zacks Investment Research on 10-11-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of ACCO Brands traded down -$0.01 on Monday, reaching $8.80. 312128 shares of the stock traded hands, compared to its average volume of 311239. Shares of ACCO Brands were trading at $8.80 on Monday. The firm’s 50 day moving average is $9.03 and its 200 day moving average is $8.77.ACCO Brands has a 12 month low of $8.77 and a 12 month high of $9.77. While on yearly highs and lows, ACCO Brands’s today has traded high as $8.97 and has touched $8.77 on the downward trend. See More Analyst Rating at: RATING

ACCO Brands Earnings and What to expect: 

ACCO Brands last issued its quarterly earnings results on July 27th, 2021. The industrial products company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.17. The business earned $517.80 million during the quarter, compared to analyst estimates of $476.60 million. ACCO Brands has generated $0.70 earnings per share over the last year ($0.80 diluted earnings per share) and currently has a price-to-earnings ratio of 11.0. Earnings for ACCO Brands are expected to grow by 12.23% in the coming year, from $1.39 to $1.56 per share. ACCO Brands has confirmed that its next quarterly earnings report will be published on Tuesday, October 26th, 2021. ACCO Brands will be holding an earnings conference call on Wednesday, October 27th at 8:30 AM Eastern. Interested parties can .

Earnings for ACCO Brands are expected to grow by 12.23% in the coming year, from $1.39 to $1.56 per share. The P/E ratio of ACCO Brands is 11.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.67. The P/E ratio of ACCO Brands is 11.00, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 32.43. ACCO Brands has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

ACCO Brands (ACCO) Moving Average Technical Analysis

5 day Moving Average is $8.85 And 5 day price change is $0.03 (0.34%)  with average volume for 5 day average is 258,640. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $8.87 and 20 day price change is -$0.27 (-2.98%) and average 20 day moving volume is 332,000. 50 day moving average is $9.03  and 50 day price change is -$0.14 ( -1.57%)  and with average volume for 50 days is : 322,752. 200 day moving average is $8.77  and 200 day price change is $0.32 (3.77%)  and with average volume for 200 days is : 457,082.

Other owners latest trading in ACCO Brands :

  • On 9/24/2021 shares held by Thrivent Financial for Lutherans were 15,860 which equates to market value of $0.14M and appx 0.00% owners of ACCO Brands
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 2,168,419 which equates to market value of $18.71M and appx 0.00% owners of ACCO Brands
  • On 8/25/2021 shares held by Marshall Wace North America L.P. were 11,817 which equates to market value of $0.10M and appx 0.00% owners of ACCO Brands
  • In total Institutional ownership equates to Institutional Ownership Percentage: 86.08% for ACCO Brands

See More Analyst Rating at: RATING