ACCO Brands Corporation (ACCO): Investor showing Interest in it


ACCO Brands Corporation (NYSE:ACCO) changes shares on Wednesday trading session, with a change of -5.28% or -$0.35 shares. The trading starts at $6.50 and closed at $6.63 throughout the day. The trading session low price was $6.23 and day high was $6.50 on Wednesday, June 24. After the session, the Industrials sector daily volume shifted to 0.88 million while its average volume is 723.90K. In other hand, the ACCO market cap reached to $606.15M. While, its current target price is $6.28 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -7.10% and up 3.12% for month. Its quarterly performance was 39.25% above, while its half year performance is down -34.10%. ACCO yearly performance stood at negative -14.21% and fall -32.91% for year-to-date.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ACCO EPS (TTM) for 12-month is 1.16. EPS for this year is 3.00%, while for the next year its value is 1.16. Sales growth for the current quarter is 0.54. It has an EPS of 6.10% up for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on ACCO for the current month and previous month. For the current month, 3 of 6 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $8.00-$14.00. Average target price for ACCO was reached at $11.40.

Vanguard Group, Inc. (The), Dimensional Fund Advisors LP and Blackrock Inc. are the top three holders in ACCO Brands Corporation (ACCO) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 8.81 million shares which valued 44.51 million. On Mar 30, 2020, Dimensional Fund Advisors LP owned 8.17 million shares which valued at 41.24 million. On Mar 30, 2020, Blackrock Inc. has a total of 6.89 million shares which valued at 34.82 million. In the end, Blackrock Inc. have 7.30% shares outstanding of ACCO Brands Corporation (ACCO) on Mar 30, 2020. The insider ownership moved to 2.90% and institutional holding shifted to 94.50%.

The company posted an EPS (TTM) of 1.16. Analyst Estimated EPS for ACCO published in the report was -0.03-0.04 during the same period. Comparing with last year, the average estimated EPS was 0.36 which is higher than 0.07 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ACCO fall -22.08% for period of 200 days. SMA for 50 days was -0.72% which is showing red signal, while SMA-20 was -6.30%. The moving average value for ACCO Brands Corporation (ACCO) is 7.36 and 6.38 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ACCO stock. On Feb 12, Fenwick Neal V, Executive VP and CFO, sold 69,577 trading shares at the cost of $10.50, which valued at 0.73 million. On Oct 31, Keller Robert J, Director, sold 121,100 shares at the cost of $9.14, with total shares of 234,747. On Sep 10, McCormack Gregory J., SVP Global Prod & Operations, sold 10,872 shares at the cost of 9.55. After this transaction, McCormack Gregory J. total shares reached to 97,430 which valued at 0.1 million.