Accenture PLC Sees Unusually High Options Volume (ACN)
Accenture PLC (NYSE:ACN) was the recipient of unusually large options trading on Thursday. Stock traders purchased 8,699 put options on the company, Analyst Ratings Network.com reports. This represents an increase of 227% compared to the average volume of 2,663 put options.
ACN has been the subject of a number of recent research reports. 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. Accenture PLC currently has an average rating of “Buy” and an average target price of $79.62.
Accenture PLC (NYSE:ACN) opened at 75.87 on Friday. Accenture PLC has a 1-year low of $64.30 and a 1-year high of $84.22. The stock has a 50-day moving average of $73.98 and a 200-day moving average of $76.71. The company has a market cap of $48.925 billion and a price-to-earnings ratio of 16.99.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 26th. The company reported $1.01 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Accenture PLC will post $4.21 EPS for the current fiscal year.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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