Thomas Tedford, an Insider in ACCO Brands (ACCO), Unloaded 241266 shares of the Company; Celanese Has 0.91 Sentiment

Mr. Thomas Tedford, the present Exec VP & Pres No Amer O&CP at Acco Brands Corp has a few days ago been involved with a sale of 241,266 shares of the public firm, valued at $13.4 per share. The transaction value was of $3,224,134 USD. The transaction will most probably not stay a secret as it was significant one. Presently, he has rights to a total of 84,862 shares or 0.08% of the company’s total market capitalization.

Celanese Corporation, a technology and specialty materials company, makes and sells value-added chemicals, thermoplastic polymers, and other chemical products worldwide. The company has market cap of $13.91 billion. The companyÂ’s Advanced Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It has a 16.79 P/E ratio. The Company’s Consumer Specialties segment provides cellulose acetate flakes, films, and tows for use in filter products applications; food protection ingredients, such as potassium sorbate and sorbic acid for food and beverage industry; Sunett, a sweetener for use in various beverages, confections, and dairy products; and Qorus, a sweetener system designed for low-to no-calorie carbonated and non-carbonated beverages, flavored waters, energy drinks, and milk and dairy products.

ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. The company has market cap of $1.42 billion. It operates through three divisions: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. It has a 11.22 P/E ratio. The firm offers office products, such as stapling, binding and laminating equipment, and related consumable supplies, as well as shredders and whiteboards; and academic products, including notebooks, folders, decorative calendars, and stationery products.

Among 4 analysts covering Acco Brands (NYSE:ACCO), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Acco Brands has $18 highest and $11 lowest target. $15’s average target is 12.36% above currents $13.35 stock price. Acco Brands had 5 analyst reports since April 29, 2016 according to SRatingsIntel. The rating was maintained by Barrington Research with “Outperform” on Friday, April 29. KeyBanc Capital Markets maintained ACCO Brands Corporation (NYSE:ACCO) on Thursday, September 7 with “Hold” rating. As per Wednesday, January 25, the company rating was initiated by BWS Financial. The firm earned “Buy” rating on Thursday, February 15 by Barrington. The rating was maintained by BWS Financial with “Buy” on Friday, April 7.

Analysts await ACCO Brands Corporation (NYSE:ACCO) to report earnings on May, 2. They expect $0.07 earnings per share, up 75.00% or $0.03 from last year’s $0.04 per share. ACCO’s profit will be $7.46M for 47.68 P/E if the $0.07 EPS becomes a reality. After $0.48 actual earnings per share reported by ACCO Brands Corporation for the previous quarter, Wall Street now forecasts -85.42% negative EPS growth.

The stock decreased 2.20% or $0.3 during the last trading session, reaching $13.35. About 709,824 shares traded or 32.14% up from the average. ACCO Brands Corporation (NYSE:ACCO) has risen 20.02% since February 21, 2017 and is uptrending. It has outperformed by 3.32% the S&P500.

Gmt Capital Corp holds 8.96% of its portfolio in Celanese Corporation for 4.03 million shares. Covey Capital Advisors Llc owns 30,402 shares or 4.63% of their US portfolio. Moreover, Lyrical Asset Management Lp has 4.12% invested in the company for 3.03 million shares. The Pennsylvania-based Muhlenkamp & Co Inc has invested 3.59% in the stock. Chase Investment Counsel Corp, a Virginia-based fund reported 56,491 shares.

The stock decreased 0.11% or $0.11 during the last trading session, reaching $102.38. About 589,585 shares traded. Celanese Corporation (CE) has risen 21.48% since February 21, 2017 and is uptrending. It has outperformed by 4.78% the S&P500.

Analysts await Celanese Corporation (NYSE:CE) to report earnings on April, 16. They expect $2.32 earnings per share, up 28.18% or $0.51 from last year’s $1.81 per share. CE’s profit will be $315.10 million for 11.03 P/E if the $2.32 EPS becomes a reality. After $1.98 actual earnings per share reported by Celanese Corporation for the previous quarter, Wall Street now forecasts 17.17% EPS growth.

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