Alert: Negative Investment/Fundamental Signals (11/10/23)-ACCO Brands Corp (NYSE: ACCO)


Recent extremely meaningful negative changes in investment behavior have impacted ACCO Brands Corp (NYSE: ACCO): negative upside/downside volume developed, and its shorter term price trend turned down.

Recent notable negative changes in fundamentals have impacted ACCO Brands Corp (NYSE: ACCO): the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. ACCO Brands has a slightly positive Power Rating of 69 and a good Appreciation Score of 84, leading to the Highest Value Trend Rating.

Recent Price Action

ACCO Brands Corp (NYSE: ACCO) stock increased 1.5% on 11/10/23. The shares closed at $4.79. Relative to the market the stock has been strong over the last nine months but has declined -7.5% during the last week.

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