ACCO Brands Corporation (ACCO) was Reiterated by Barrington Research to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 11 from a previous price target of $9 . Barrington Research advised their investors in a research report released on Apr 29, 2016.
On the company’s financial health, ACCO Brands Corporation reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.05. The company had revenue of $278.10 million for the quarter, compared to analysts expectations of $264.98 million. The company’s revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.04 EPS.
ACCO Brands Corporation opened for trading at $9.75 and hit $10.5 on the upside on Wednesday, eventually ending the session at $9.78, with a gain of 9.89% or 0.88 points. The heightened volatility saw the trading volume jump to 17,91,730 shares. Company has a market cap of $1,033 M.
In a different news, on Aug 4, 2015, Gregory J. Mccormack (Sr. Vice Pres, Global Products) sold 29,254 shares at $7.72 per share price. According to the SEC, on Jul 31, 2015, Robert J Keller (director) sold 513,737 shares at $8.11 per share price. On Feb 27, 2015, Mark C Anderson (Sr VP, Corporate Development) sold 13,000 shares at $7.56 per share price, according to the Form-4 filing with the securities and exchange commission.
ACCO Brands Corporation is a manufacturer and marketer of office school and calendar products and select computer and electronic accessories. The Company sells its products to consumers and commercial end users primarily through resellers including traditional office supply resellers wholesalers and retailers including online retailers. The company is organized into three business segments: ACCO Brands North America ACCO Brands International and Computer Products Group. ACCO Brands North America and ACCO Brands International manufacture source and sell traditional office products school supplies and calendar products. The Company’s Computer Products Group designs sources distributes markets and sells accessories for laptop and desktop computers and tablets. The Company sells its products primarily to markets located in the United States Northern Europe Canada Australia Brazil and Mexico.