Accenture PLC Price Target Raised to $85.00 at Evercore Partners (ACN)
Equities researchers at Evercore Partners raised their price objective on shares of Accenture PLC (NYSE:ACN) from $80.00 to $85.00 in a research report issued on Friday, AnalystRatings.Net reports. The firm currently has an “overweight” rating on the stock. Evercore Partners’ price target would suggest a potential upside of 14.73% from the company’s current price.
A number of other firms have also recently commented on ACN. Analysts at BMO Capital Markets raised their price target on shares of Accenture PLC (NYSE:ACN) from $72.00 to $77.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Accenture PLC (NYSE:ACN) in a research note to investors on Wednesday. They now have a $86.00 price target on the stock, up previously from $84.50. Finally, analysts at Robert W. Baird reiterated a “buy” rating on shares of Accenture PLC (NYSE:ACN) in a research note to investors on Monday. They now have a $86.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. Accenture PLC currently has an average rating of “Buy” and a consensus target price of $79.56.
Accenture PLC (NYSE:ACN) traded down 2.35% during mid-day trading on Friday, hitting $74.09. 8,869,769 shares of the company’s stock traded hands. Accenture PLC has a one year low of $64.30 and a one year high of $84.22. The stock has a 50-day moving average of $74.01 and a 200-day moving average of $76.68. The company has a market cap of $47.777 billion and a price-to-earnings ratio of 16.99. Accenture PLC also saw unusually large options trading on Thursday. Stock investors purchased 8,699 put options on the company. This represents an increase of 227% compared to the average daily volume of 2,663 put options.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 26th. The company reported $1.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.01. The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts expect that Accenture PLC will post $4.49 EPS for the current fiscal year.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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