The stock of ACCO Brands Corporation (NYSE:ACCO) hit a new 52-week high and has $13.82 target or 8.00% above today’s $12.80 share price. The 8 months bullish chart indicates low risk for the $1.39B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $13.82 price target is reached, the company will be worth $111.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 375,289 shares traded hands. ACCO Brands Corporation (NYSE:ACCO) has risen 47.53% since April 25, 2016 and is uptrending. It has outperformed by 41.52% the S&P500.
Analysts await ACCO Brands Corporation (NYSE:ACCO) to report earnings on February, 8. They expect $0.30 EPS, 0.00% or $0.00 from last year’s $0.3 per share. ACCO’s profit will be $32.58M for 10.67 P/E if the $0.30 EPS becomes a reality. After $0.29 actual EPS reported by ACCO Brands Corporation for the previous quarter, Wall Street now forecasts 3.45% EPS growth.
According to Zacks Investment Research, “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.”
More recent ACCO Brands Corporation (NYSE:ACCO) news were published by: Prnewswire.com which released: “ACCO Brands Corporation To Acquire Esselte Group Holdings AB” on October 24, 2016. Also Prnewswire.com published the news titled: “ACCO Brands Corporation Reports Second Quarter 2016 Results” on August 02, 2016. Prnewswire.com‘s news article titled: “ACCO Brands Corporation to Present at Investor Conference” with publication date: September 21, 2016 was also an interesting one.
ACCO Company Profile
ACCO Brands Corporation, incorporated on October 26, 1970, is a maker and marketer of office, school and calendar products, and select computer and electronic accessories. The Firm sells its products to clients and commercial end users primarily through resellers, including traditional office supply resellers, wholesalers and retailers, including online retailers. The Firm operates through three divisions: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Firm sells its products primarily to markets located in the United States, Northern Europe, Brazil, Canada, Australia and Mexico.
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