ACCO Brands Corp (NYSE: ACCO) has reported a loss for its second fiscal quarter (ending June 30) of $-1.29 versus $0.28 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-1.83 compared to $-0.29 a year ago.
Recent Price Action
ACCO Brands Corp (NYSE: ACCO) stock closed at $4.98 on 8/1/24 after a decline of -2.5%. This decline was accompanied by normal trading volume. The stock has risen 3.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ACCO is expected to continue to be an important Value Builder.
ACCO Brands has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ACCO Brands has a good Appreciation Score of 82 but a poor Power Rating of 25, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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