While Acco Brands Corporation has underperformed by -2.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACCO fell by -2.60%, with highs and lows ranging from $6.62 to $4.30, whereas the simple moving average fell by -5.89% in the last 200 days.
On February 14, 2023, BWS Financial Downgraded Acco Brands Corporation (NYSE: ACCO) to Neutral. A report published by KeyBanc Capital Markets on November 12, 2020, Upgraded its rating to ‘Overweight’ for ACCO. Barrington Research also reiterated ACCO shares as ‘Outperform’, quoting a target price of $11 on the company’s shares in a report dated February 14, 2019. BWS Financial Initiated an Buy rating on January 25, 2017, and assigned a price target of $18. Barrington Research resumed its ‘Outperform’ rating for ACCO, as published in its report on April 29, 2016. Barclays’s report from January 18, 2013 suggests a price prediction of $9 for ACCO shares, giving the stock a ‘Equal Weight’ rating.
Analysis of Acco Brands Corporation (ACCO)
The current dividend for ACCO investors is set at $0.30 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -2.16%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Acco Brands Corporation’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -2.73% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.97, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ACCO is recording an average volume of 695.02K. On a monthly basis, the volatility of the stock is set at 2.92%, whereas on a weekly basis, it is put at 3.93%, with a loss of -6.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.83, showing growth from the present price of $5.25, which can serve as yet another indication of whether ACCO is worth investing in or should be passed over.
How Do You Analyze Acco Brands Corporation Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.64%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.99% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ACCO shares are owned by institutional investors to the tune of 84.99% at present.
