Internacional

Acco Brands Corporation (NYSE:ACCO) Lifted to "Sell" at BidaskClub

Acco Brands Corporation (NYSE:ACCO) Lifted to

Shares are trading at $10.90 which is significantly lower than $11.58, the 50 day moving average and quite a bit below the 200 day moving average of $12.49. Fox Run Management L.L.C.'s holdings in Acco Brands Corporation were worth $195,000 at the end of the most recent quarter.

Other equities analysts have also issued reports about the stock.

Eqis Capital Management Inc. increased its stake in Acco Brands Corporation (NYSE:ACCO) by 15.2% during the second quarter, according to its most recent filing with the SEC. Next quarter's EPS is forecasted at $0.41 with next year's EPS anticipated to be $1.18. Finally, Guggenheim Capital LLC raised its position in shares of Acco Brands Corporation by 31.7% in the fourth quarter. Virginia Retirement Systems ET AL now owns 10,500 shares of the industrial products company's stock worth $122,000 after buying an additional 400 shares during the period. Victory Capital Management Inc. boosted its position in Acco Brands Corporation by 8.3% in the first quarter. Nationwide Fund Advisors now owns 610,644 shares of the industrial products company's stock worth $8,030,000 after buying an additional 5,651 shares during the period. The legal version of this news story can be read at https://www.baseball-news-blog.com/2017/08/12/eqis-capital-management-inc-has-186000-position-in-acco-brands-corporation-acco-updated.html. Metropolitan Life Insurance Co. New York State Teachers Retirement System now owns 9,400 shares of the industrial products company's stock valued at $124,000 after buying an additional 100 shares during the last quarter. The 50 day moving average was down $-0.68 and the 200 day average went down $-1.59 or -12.73%. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.261 and a beta of 1.30. ACCO rose 3.32%, plunged -8.02% and sank -14.17% in the week, one month and six months, respectively.

Acco Brands Corporation (NYSE:ACCO) last announced its quarterly earnings results on Tuesday, August 1st. The business had revenue of $490 million for the quarter, compared to analyst estimates of $497.17 million. Acco Brands Corporation had a net margin of 3.25% and a return on equity of 15.03%. Acco Brands Corporation's revenue was up 19.5% compared to the same quarter a year ago. Analysts are expecting EPS growth rates to be at 12.10% this quarter and EPS estimate for next year reflect 7.58% growth rate. Analysts predict that Acco Brands Corporation will post $1.10 EPS for the current year. If you are reading this story on another publication, it was stolen and republished in violation of USA and global copyright & trademark legislation. ValuEngine raised shares of Acco Brands Corporation from a hold rating to a buy rating in a report on Wednesday, August 2nd.

ILLEGAL ACTIVITY NOTICE: "BidaskClub Upgrades Acco Brands Corporation (NYSE:ACCO) to "Sell" was originally published by BBNS and is the property of of BBNS. Finally, BWS Financial reissued a buy rating and set a $18.00 target price on shares of Acco Brands Corporation in a research report on Tuesday, July 4th. The stock was sold at an average price of $11.26, for a total value of $773,032.78. Following the sale, the senior vice president now directly owns 68,655 shares in the company, valued at approximately $773,055.30. The information was declared in a transaction filed with the SEC which is available at the Security and Exchange Commission website.

In related news, VP Neal V. Fenwick bought 12,313 shares of the business's stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $10.60 per share, for a total transaction of $130,517.80. Following the completion of the purchase, the vice president now owns 423,311 shares in the company, valued at approximately $4,487,096.60. The disclosure for this sale can be found here.

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Firm operates through three divisions: ACCO Brands North America, ACCO Brands International and Computer Products Group.