ACCO Brands Corporation (NYSE:ACCO) has a beta value of 2.15 and has seen 503,040 shares traded in the last trading session. The company, currently valued at $721.01 Million, closed the last trade at $7.63 per share which meant it gained $0.14 on the day or 1.87% during that session. The ACCO stock price is -49.15% off its 52-week high price of $11.38 and 54% above the 52-week low of $3.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 819.42 Million shares traded. The 3-month trading volume is 626.37 Million shares.
The consensus among analysts is that ACCO Brands Corporation (ACCO) is an Overweight stock at the moment, with a recommendation rating of 1.8. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 6 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.28.
ACCO Brands Corporation (NYSE:ACCO) trade information
Sporting 1.87% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Nov 18 when the ACCO stock price touched $7.86-2 or saw a rise of 2.99%. Year-to-date, ACCO Brands Corporation shares have moved -18.48%, while the 5-day performance has seen it change 10.74%. Over the past 30 days, the shares of ACCO Brands Corporation (NYSE:ACCO) have changed 19.22%. Short interest in the company has seen 4.98 Million shares shorted with days to cover at 0.01.
Wall Street analysts have a consensus price target for the stock at $11.33, which means that the shares’ value could jump 48.49% from current levels. The projected low price target is $8 while the price target rests at a high of $14. In that case, then, we find that the current price level is +83.49% off the targeted high while a plunge would see the stock lose 4.85% from current levels.
ACCO Brands Corporation (ACCO) estimates and forecasts
6 analysts offering their estimates for the company have set an average revenue estimate of $445.84 Million for the current quarter. 3 have an estimated revenue figure of $399.48 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $537.4 Million and $384.1 Million respectively for this quarter and the next, and analysts expect sales will grow by -17% for the current quarter and 4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +6.1% over the past 5 years. Earnings growth for 2020 is a modest +3% while over the next 5 years, the company’s earnings are expected to increase by 10%.
ACCO Brands Corporation is expected to release its next earnings report between February 09 and February 15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.26 at a share yield of 3.33%.
ACCO Brands Corporation (NYSE:ACCO)’s Major holders
Insiders own 2.87% of the company shares, while shares held by institutions stand at 93.41% with a share float percentage of 96.18%. Investors are also buoyed by the number of investors in a company, with ACCO Brands Corporation having a total of 261 institutions that hold shares in the company. The top two institutional holders are Dimensional Fund Advisors LP with over 7.98 Million shares worth more than $46.3 Million. As of September 29, 2020, Dimensional Fund Advisors LP held 8.45% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 7.96 Million shares as of September 29, 2020. The firm’s total holdings are worth over $46.15 Million and represent 8.42% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are DFA U.S. Small Cap Value Series and Vanguard Total Stock Market Index Fund. As of July 30, 2020, the former fund manager holds about 3.17% shares in the company for having 2997348 shares of worth $19.54 Million while later fund manager owns 2.66 Million shares of worth $18.92 Million as of June 29, 2020, which makes it owner of about 2.82% of company’s outstanding stock.