Investors Purchase Large Volume of Put Options on Accenture PLC (ACN)
Shares of Accenture PLC (NYSE:ACN) was the recipient of some unusual options trading activity on Friday. Stock investors acquired 38,498 put options on the company, Analyst Ratings Network reports. This represents an increase of approximately 764% compared to the average volume of 4,456 put options.
ACN has been the subject of a number of recent research reports. Analysts at Evercore Partners raised their price target on shares of Accenture PLC (NYSE:ACN) from $80.00 to $85.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $79.56.
Accenture PLC (NYSE:ACN) traded down 2.35% during mid-day trading on Friday, hitting $74.09. 8,869,669 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 $73.98 and a 200-day moving average of $76.71. The company has a market cap of $47.777 billion and a P/E ratio of 16.99.
Accenture PLC (NYSE:ACN) last released its earnings data 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. On average, analysts predict that Accenture PLC will post $4.49 earnings per share for the current fiscal year.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.