Accenture PLC Sees Unusually Large Options Volume (ACN)
Accenture PLC (NYSE:ACN) was the target of some unusual options trading on Friday. Stock investors bought 26,853 put options on the company, Stock Ratings Network.com reports. This is an increase of approximately 1,386% compared to the average volume of 1,807 put options.
Several analysts have recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Accenture PLC (NYSE:ACN) from $88.00 to $85.00 in a research note to investors on Wednesday, August 28th. They now have a “positive” rating on the stock. Separately, analysts at Robert W. Baird upgraded shares of Accenture PLC (NYSE:ACN) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, August 9th. They now have a $86.00 price target on the stock, up previously from $78.00. Finally, analysts at Argus downgraded shares of Accenture PLC (NYSE:ACN) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, July 2nd.
One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Accenture PLC currently has a consensus rating of “Buy” and a consensus price target of $78.50.
Shares of Accenture PLC (NYSE:ACN) opened at 77.32 on Monday. Accenture PLC has a 52 week low of $64.14 and a 52 week high of $84.22. The stock’s 50-day moving average is $73.74 and its 200-day moving average is $76.76. The company has a market cap of $49.860 billion and a P/E ratio of 17.32.
Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, June 27th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.13 by $0.01. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Accenture PLC will post $4.20 EPS for the current fiscal year.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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