For ACCO Brands Corporation [ACCO], Analyst sees a rise to $12. What next?

ACCO Brands Corporation [NYSE: ACCO] gained 13.06% on the last trading session, reaching $7.79 price per share at the time. The company report on November 11, 2020 that ACCO Brands Accelerates Strategic Shift Toward Consumer Products; Announces Agreement to Acquire Leading Provider of Console Accessories for Video Gaming.

ACCO Brands Corporation (NYSE: ACCO), announced that it has signed a definitive agreement to acquire PowerA, a fast-growing, leading provider of third-party video gaming accessories, including controllers, power charging solutions, and gaming headsets. PowerA is a long-standing licensed partner with the leading gaming platforms and title publishers, with a 20-year track record of collaboration.

“I am very excited about bringing PowerA into ACCO Brands. PowerA is a well-recognized and well-respected leader in gaming controllers, power solutions and other gaming accessories. The company has a multi-year track record of partnering with the largest firms in the console gaming industry. This acquisition represents a major step in our continuing strategy to transition ACCO Brands into a faster growing, consumer-focused company. Our Kensington® computer accessories business has shown strong growth over the past few years. PowerA is a similar business to Kensington, but is in the console gaming accessories market. It will be a great fit,” commented Boris Elisman, Chairman, President and Chief Executive Officer of ACCO Brands.

ACCO Brands Corporation represents 94.50 million in outstanding shares, while the company has a total market value of $716.91 million with the latest information. ACCO stock price has been found in the range of $7.12 to $7.82.

If compared to the average trading volume of 597.74K shares, ACCO reached a trading volume of 1103046 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about ACCO Brands Corporation [ACCO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACCO shares is $10.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACCO stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

KeyBanc Capital Markets have made an estimate for ACCO Brands Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 12, 2020. While these analysts kept the previous recommendation, Barrington Research dropped their target price from $13 to $11. The new note on the price target was released on February 14, 2019, representing the official price target for ACCO Brands Corporation stock. Previously, the target price had yet another raise to $18, while BWS Financial analysts kept a Buy rating on ACCO stock. On April 29, 2016, analysts increased their price target for ACCO shares from 9 to 11.

The Average True Range (ATR) for ACCO Brands Corporation is set at 0.38, with the Price to Sales ratio for ACCO stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 0.93. Price to Free Cash Flow for ACCO in the course of the last twelve months was 6.33 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for ACCO stock

ACCO Brands Corporation [ACCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.62. With this latest performance, ACCO shares gained by 17.85% in over the last four-week period, additionally plugging by 31.81% over the last 6 months – not to mention a drop of -16.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACCO stock in for the last two-week period is set at 73.57, with the RSI for the last a single of trading hit 80.88, and the three-weeks RSI is set at 68.33 for ACCO Brands Corporation [ACCO]. The present Moving Average for the last 50 days of trading for this stock 6.20, while it was recorded at 6.95 for the last single week of trading, and 6.56 for the last 200 days.

ACCO Brands Corporation [ACCO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and ACCO Brands Corporation [ACCO] shares currently have an operating margin of +10.55 and a Gross Margin at +30.37. ACCO Brands Corporation’s Net Margin is presently recorded at +5.46.

Return on Total Capital for ACCO is now 12.25, given the latest momentum, and Return on Invested Capital for the company is 6.53. Return on Equity for this stock inclined to 13.66, with Return on Assets sitting at 3.83. When it comes to the capital structure of this company, ACCO Brands Corporation [ACCO] has a Total Debt to Total Equity ratio set at 119.17. Additionally, ACCO Total Debt to Total Capital is recorded at 54.37, with Total Debt to Total Assets ending up at 33.06. Long-Term Debt to Equity for the company is recorded at 112.06, with the Long-Term Debt to Total Capital now at 51.13.

Reflecting on the efficiency of the workforce at the company, ACCO Brands Corporation [ACCO] managed to generate an average of $15,257 per employee. Receivables Turnover for the company is 4.43 with a Total Asset Turnover recorded at a value of 0.70.ACCO Brands Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.60.

ACCO Brands Corporation [ACCO]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, ACCO Brands Corporation posted 0.46/share EPS, while the average EPS was predicted by analysts to be reported at 0.41/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ACCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ACCO Brands Corporation go to 10.00%.

An analysis of insider ownership at ACCO Brands Corporation [ACCO]

There are presently around $669 million, or 93.40% of ACCO stock, in the hands of institutional investors. The top three institutional holders of ACCO stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 7,983,037, which is approximately -1.098% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 7,957,509 shares of the stock with an approximate value of $61.99 million in ACCO stocks shares; and BLACKROCK INC., currently with $54.14 million in ACCO stock with ownership of nearly 4.786% of the company’s market capitalization.

Positions in ACCO Brands Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 81 institutional holders increased their position in ACCO Brands Corporation [NYSE:ACCO] by around 6,692,215 shares. Additionally, 93 investors decreased positions by around 7,835,965 shares, while 43 investors held positions by with 71,341,042 shares. The mentioned changes placed institutional holdings at 85,869,222 shares, according to the latest SEC report filing. ACCO stock had 33 new institutional investments in for a total of 1,809,167 shares, while 24 institutional investors sold positions of 855,545 shares during the same period.

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