Noble Financial Remains a Buy on ACCO Brands (ACCO)


Noble Financial analyst Joe Gomes reiterated a Buy rating on ACCO Brands (ACCO) on February 14 and set a price target of $12. The company’s shares closed on Friday at $9.23.

According to TipRanks.com, Gomes is a 2-star analyst with an average return of 2.5% and a 66.7% success rate. Gomes covers the Services sector, focusing on stocks such as Information Services Group, DLH Holdings, and Vectrus.

Currently, the analyst consensus on ACCO Brands is a Moderate Buy with an average price target of $11.50, representing a 24.6% upside. In a report issued on February 14, Barrington also assigned a Buy rating to the stock with a $11 price target.

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Based on ACCO Brands’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $35 million. In comparison, last year the company had a net profit of $74 million.

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ACCO Brands Corp. engages in the manufacture and marketing of office, school, calendar products and select computer and electronic accessories. It operates through the followings segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International.

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