With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.59 million shares. During the session, the Business Equipment & Supplies company that operates in wider Industrials sector, reached to the highest price of $6.16 whereas the lowest price it dropped to was $5.915. The 52-week range on ACCO shows that it touched its highest point at $6.62 and its lowest point at $4.36 during that stretch. It currently has a 1-year price target of $10.83. With its current market cap of 569.36 million, ACCO has annualized dividend of $0.30 while the current yield stands at 4.89%. Beta for the stock currently stands at 1.65.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACCO was up-trending over the past week, with a rise of 2.85%, but this was up by 16.54% over a month. Three-month performance surged to 15.88% while six-month performance rose 19.96%. The stock gained 12.07% in the past year, while it has gained 0.82% so far this year. A look at the trailing 12-month EPS for ACCO yields -1.89 with Next year EPS estimates of 1.13. For the next quarter, that number is 0.41. This implies an EPS growth rate of -4.28% for this year and 8.31% for next year.
Float and Shares Shorts:
At present, 98.60 million ACCO shares are outstanding with a float of 89.16 million shares on hand for trading. On 2024-11-15, short shares totaled 1.45 million, which was 155.99999999999997 higher than short shares on 1728950400. In addition to Mr. Thomas W. Tedford as the firm’s President, CEO & Director, Ms. Deborah A. O’Connor serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.84894997 of ACCO’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ACCO reported revenue of $420900000.0 and operating income of $33000000.0. The EBITDA in the recently reported quarter was $53000000.0 and diluted EPS was $0.09.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACCO since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ACCO analysts setting a high price target of 13.0 and a low target of 7.5, the average target price over the next 12 months is 10.83333. Based on these targets, ACCO could surge 112.07% to reach the target high and rise by 22.35% to reach the target low. Reaching the average price target will result in a growth of 76.73% from current levels.
Analysts have provided yearly estimates in a range of $1.05336 being high and $1.03062 being low. For ACCO, this leads to a yearly average estimate of $1.04333.
