Accenture PLC Reaches New 12-Month High at $84.31 (ACN)
Shares of Accenture PLC (NYSE:ACN) hit a new 52-week high during mid-day trading on Wednesday, Analyst Ratings Network reports. The stock traded as high as $84.31 and last traded at $84.11, with a volume of 3,775,810 shares trading hands. The stock had previously closed at $81.95.
A number of analysts have recently weighed in on ACN shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Accenture PLC in a research note to investors on Friday, December 20th. They now have a $92.00 price target on the stock, up previously from $82.00. Separately, analysts at UBS AG reiterated a “hold” rating on shares of Accenture PLC in a research note to investors on Friday, December 20th. They now have a $84.00 price target on the stock, up previously from $80.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Accenture PLC from $86.00 to $92.00 in a research note to investors on Friday, December 20th. They now have a “buy” rating on the stock. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $83.34.
Accenture PLC has a 1-year low of $69.00 and a 1-year high of $84.22. The stock’s 50-day moving average is $78.73 and its 200-day moving average is $75.27. The company has a market cap of $53.647 billion and a P/E ratio of 17.45.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 19th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.09 by $0.06. The company had revenue of $7.80 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter last year, the company posted $1.06 earnings per share. Accenture PLC’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Accenture PLC will post $4.51 earnings per share for the current fiscal year.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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