Why Acco Brands Corporation (NYSE:ACCO) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $11.330 on Acco Brands Corporation (NYSE:ACCO) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.830 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Acco Brands Corporation (NYSE:ACCO) stands at 8.306.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Acco Brands Corporation Common , the PEG ratio for coming 3-5 years is 1.200.

Technical Analysis

The technical analysis highlights that Acco Brands Corporation Common current is trading $-0.549 points away or -5.188% from its 50-day moving average of $10.574. Further it is trading $0.664 or +7.091% away its 200-day moving average of $9.361.

The 52-week high of Acco Brands Corporation (NYSE:ACCO) was $11.750 while lowest point recorded in 52-week was $5.470. It implies if stock price makes a movement of over $-1.725, it will record a new 52-week high. In the case of +83.272% drop, it will touch a new 52-week low.

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