Acco Brands (NYSE:ACCO) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

Shares of Acco Brands Corporation (NYSE:ACCO – Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $4.00 and traded as high as $4.64. Acco Brands shares last traded at $4.5960, with a volume of 653,916 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Acco Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Barrington Research set a $6.00 price objective on shares of Acco Brands in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Acco Brands from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.00.

Read Our Latest Research Report on ACCO

Acco Brands Price Performance

The stock’s fifty day moving average price is $4.34 and its 200-day moving average price is $4.03. The firm has a market cap of $432.47 million, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.85 and a beta of 1.20. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 1.30.

Acco Brands (NYSE:ACCO – Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $415.10 million for the quarter, compared to analysts’ expectations of $402.53 million. Acco Brands had a net margin of 3.74% and a return on equity of 12.57%. Acco Brands has set its Q3 2026 guidance at 0.170-0.210 EPS and its FY 2026 guidance at 0.870-0.910 EPS. As a group, equities research analysts forecast that Acco Brands Corporation will post 0.88 earnings per share for the current fiscal year.

Acco Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st were issued a dividend of $0.0750 per share. The ex-dividend date was Friday, August 21st. This represents a $0.30 dividend on an annualized basis and a yield of 6.4%. Acco Brands’s dividend payout ratio is 48.39%.

Hedge Funds Weigh In On Acco Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACCO. Legal & General Group Plc purchased a new position in Acco Brands in the second quarter valued at $37,000. Burns Matteson Capital Management LLC acquired a new position in Acco Brands during the 3rd quarter worth $52,000. Sequoia Financial Advisors LLC purchased a new stake in Acco Brands during the 1st quarter worth about $37,000. AXQ Capital LP purchased a new stake in Acco Brands during the 2nd quarter worth about $59,000. Finally, Quantinno Capital Management LP purchased a new stake in Acco Brands during the 1st quarter worth about $60,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Acco Brands Company Profile

(Get Free Report)

ACCO Brands Corporation is a global consumer and office products company that designs, manufactures and markets products used in workplaces, schools and homes. Its portfolio includes school and office supplies, filing and organization products, staplers and binding equipment, presentation materials, computer accessories, calendars and planning products, and selected craft and consumer products.

The company markets products under a range of recognized brands, including Swingline, Kensington, Mead, Five Star, AT-A-GLANCE, GBC, Quartet and TruSens.

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