With 1.06 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.71 million shares. The 52-week range on ACCO shows that it touched its highest point at $6.43 and its lowest point at $4.30 during that stretch. It currently has a 1-year price target of $10.67. With its current market cap of 422.61 million, ACCO has annualized dividend of $0.30 while the current yield stands at 6.59%. Beta for the stock currently stands at 1.73.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACCO was down-trending over the past week, with a drop of -18.17%, but this was down by -14.95% over a month. Three-month performance dropped to -19.75% while six-month performance fell -16.51%. The stock lost -18.46% in the past year, while it has lost -13.33% so far this year. A look at the trailing 12-month EPS for ACCO yields -1.05 with Next year EPS estimates of 1.16. For the next quarter, that number is -0.04. This implies an EPS growth rate of -0.33% for this year and 13.77% for next year.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACCO since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.05336 being high and $1.029 being low. For ACCO, this leads to a yearly average estimate of $1.04333. Based on analyst estimates, the high estimate for the next quarter is $0.35 and the low estimate is $0.31. The average estimate for the next quarter is thus $0.34.
