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Steve Hach
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Steve Hach is the Senior Editor at ValuEngine.com, a Newtown, Pennsylvania-based stock valuation and forecast service. ValuEngine utilizes Ivy League financial research as the basis for its coverage of more than 7000 US, Japanese, and Canadian, and other foreign stocks. Hach utilizes... More
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  • ACCO Brands Makes Jump Following Earnings 0 comments
    Nov 7, 2012 2:56 PM | about stocks: ACCO

    ACCO Brands Corporation (ACCO) 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.

    Our VE Forecast 16 Market Neutral Strategy Newsletter portfolio features the top long and short picks from each of our 16 sectors. For this month's Industrial Products pick, our Forecast model selected ACCO. Since our rebalance on October 17th, the stock has posted some decent earnings and made a jump. As of yesterday's close, the stock is up more than 16% and currently leads the long side of our portfolio. However, with the current market unrest, the short side is providing better overall returns and is led by the 23% return of FX Energy.

    ValuEngine has issued a HOLD recommendation for ACCO BRANDS CP on Nov. 07, 2012. Based on the information we have gathered and our resulting research, we feel that ACCO BRANDS CP has the probability to ROUGHLY MATCH average market performance for the next year. The company exhibits ATTRACTIVE P/E ratio and price/sales ratio, but UNATTRACTIVE volatility and 5-year annualized return.

    Based on available data as of Nov. 07, 2012, we believe that ACCO should be trading at $7.94. This makes ACCO 4.48% undervalued. Fair Value indicates what we believe the stock should be trading at today if the stock market were perfectly efficient and everything traded at its true worth. For ACCO, we base this on actual earnings per share (EPS) for the previous four quarters of $0.81, forecasted EPS for the next four quarters of $0.99, and correlations to the 30-year Treasury bond yield of 2.92%.

     

     

    ValuEngine Forecast

      
     

    Target Price

    Expected Return

    1-Month

    7.55

    -0.37%

    3-Month

    7.62

    0.49%

    6-Month

    7.63

    0.65%

    1-Year

    7.57

    -0.12%

    2-Year

    7.6

    0.32%

    3-Year

    7.48

    -1.32%

     

    Valuation & Rankings

       

    Valuation

    4.48% undervalued

    Valuation Rank

    54

    1-M Forecast Return

    -0.37%

    1-M Forecast Return Rank

    22

    12-M Return

    6.46%

    Momentum Rank

    53

    Sharpe Ratio

    -0.13

    Sharpe Ratio Rank

    50

    5-Y Avg Annual Return

    -15.81%

    5-Y Avg Annual Rtn Rank

    33

    Volatility

    119.91%

    Volatility Rank

    8

    Expected EPS Growth

    21.39%

    EPS Growth Rank

    56

    Market Cap (billions)

    0.86

    Size Rank

    70

    Trailing P/E Ratio

    9.31

    Trailing P/E Rank

    89

    Forward P/E Ratio

    7.67

    Forward P/E Ratio Rank

    90

    PEG Ratio

    0.44

    PEG Ratio Rank

    78

    Price/Sales

    0.6

    Price/Sales Rank

    71

    Market/Book

    1.46

    Market/Book Rank

    56

    Beta

    3.81

    Beta Rank

    3

    Alpha

    -0.47

    Alpha Rank

    22

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: ACCO
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