Zacks Investment Research downgraded shares of ACCO Brands (NYSE:ACCO) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “ACCO Brands Corporation is a world leader in branded office products. Its industry-leading brands include Swingline, Kensington, Wilson Jones, Quartet, GBC, and Day-Timer, among others. Under the GBC brand, the Company is also a leader in the professional printing market. “

Other research analysts have also issued research reports about the stock. BidaskClub raised shares of ACCO Brands from a hold rating to a buy rating in a research report on Friday, October 13th. SunTrust Banks reissued a hold rating and set a $13.00 target price on shares of ACCO Brands in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $15.00.

ACCO Brands (NYSE ACCO) opened at $11.15 on Wednesday. The firm has a market cap of $1,198.70, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. ACCO Brands has a 52-week low of $10.35 and a 52-week high of $14.75.

Several institutional investors and hedge funds have recently made changes to their positions in ACCO. Boston Partners raised its position in shares of ACCO Brands by 61.3% during the fourth quarter. Boston Partners now owns 3,088,854 shares of the industrial products company’s stock valued at $37,684,000 after buying an additional 1,174,067 shares during the last quarter. James Investment Research Inc. raised its position in shares of ACCO Brands by 22.0% during the fourth quarter. James Investment Research Inc. now owns 1,278,726 shares of the industrial products company’s stock valued at $15,600,000 after buying an additional 231,017 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of ACCO Brands by 35.0% during the third quarter. Ameriprise Financial Inc. now owns 832,693 shares of the industrial products company’s stock valued at $9,911,000 after buying an additional 216,020 shares during the last quarter. Northern Trust Corp raised its position in shares of ACCO Brands by 9.5% during the second quarter. Northern Trust Corp now owns 2,428,165 shares of the industrial products company’s stock valued at $28,288,000 after buying an additional 210,786 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of ACCO Brands by 16.6% during the third quarter. Russell Investments Group Ltd. now owns 1,268,126 shares of the industrial products company’s stock valued at $15,089,000 after buying an additional 180,698 shares during the last quarter. 91.34% of the stock is owned by institutional investors and hedge funds.

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ACCO Brands Company Profile

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.

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